Looking at the weekly chart is quite interesting. From early last year until now, BTC's 60-day moving average has been steadily following this upward channel. Every time it dips to the support level, it bounces back, followed by an even more aggressive rally. This pattern has been quite stable.
However, this round is a bit different. When Bitcoin broke below the weekly support at 1020, the market clearly showed signs of panic. It feels like many people are waiting for a true breakout signal. The current question is—when will this round be able to regain the level? Will it trigger a new bull market?
Honestly, looking at the weekly chart at times like this can provide a clearer picture. Is anyone else paying attention to this support level?
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Looking at the weekly chart is quite interesting. From early last year until now, BTC's 60-day moving average has been steadily following this upward channel. Every time it dips to the support level, it bounces back, followed by an even more aggressive rally. This pattern has been quite stable.
However, this round is a bit different. When Bitcoin broke below the weekly support at 1020, the market clearly showed signs of panic. It feels like many people are waiting for a true breakout signal. The current question is—when will this round be able to regain the level? Will it trigger a new bull market?
Honestly, looking at the weekly chart at times like this can provide a clearer picture. Is anyone else paying attention to this support level?