BTCUSDT Analysis by @intothecryptoverse

The analyst discusses the importance of the 50-week simple moving average (SMA) for Bitcoin. He notes that historically, as long as Bitcoin price holds above this moving average, the integrity of the market cycle remains intact. The analyst points out that during bull cycles, Bitcoin stays above the 50-week SMA, touching it a few times as support. Bitcoin tested the 50-week SMA several times, and so long as Bitcoin maintains this level as support on the weekly time frame, the next rally could reach all time highs. Historically, a weekly close below the 50-week moving average signals the end of a market cycle.