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I was discussing BTC’s support with my friend and explaining why the November low (closing price) is critical on the one-month timeframe.
The cycle hit a resistance (yellow) line on the linear scale.
The support-level structure is identical to the previous cycle (white line). I wouldn’t assume a breakdown until it actually happens.
That’s why calling the end of the cycle is premature, while at the same time the November low remains critical.
#Bitcoin #BTC $BTC #Crypto