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If the 4-year cycles are still alive, BTC faces a pullback to $70K
The crypto market continues its impressive decline, losing another 2.4% over the past 24 hours. Having fallen to a low of $3.3 trillion, the market is now at its lowest point since early July. A steady move below the 200-day moving average and a drop of more than 20% from its peak are sure signs of a bear market. Perhaps crypto enthusiasts are confident that this is a temporary decline, similar to the one seen in March and April. However, we would prefer not to rule out the possibility of another bear market starting in the coming years. At a time when many have buried the 4-year cycles, we still see that they have ... (full story)
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