🔮Secrets of the 350-Daily Moving Average(350-DMA):
Between two consecutive Halvings, Bitcoin must go below 350-Daily Moving Average(350-DMA) once.
The duration of Bitcoin under the 350-Daily Moving Average(350-DMA) is between 335-396 days (the movement between the two Halvings of 2022 and 2024 is very similar to the movement between the two Halvings of 2012 and 2016).
After the monthly candle closes above the 350-Daily Moving Average(350-DMA), Bitcoin has never gone below 350-DMA again before the next Halving.
After the monthly candle closes above the 350-Daily Moving Average(350-DMA), Bitcoin starts its growth for a new All Time High(ATH).
Due to the similarity of the recent movement of Bitcoin to the movement of Bitcoin between the two Halvings of 2012 and 2016, if we use the Bar Pattern tool, Bitcoin can have a price of about $ 50,000 before the Halving of 2024.
🎉In the coming days, I will try to share other secrets with you, and maybe our puzzle will be completed soon.
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