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Price/Moving Average

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Price / Moving average indicator.

Support and resistance levels are established for Bitcoin.

When in a bear market, -50% below the 20 week MA acts as support.

When in a bull market, between 60% to 100% above the 20 week MA acts as resistance. Historically, these levels once hit, send Bitcoin back down to it's 20 week moving average.

In the setting of a bear market, historically, we do not ever get up to the 60% above the 20 week MA level.

Please note, this is only based on historical trends, and is not guaranteed to remain true in this or future market cycles.
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Remember, these values for support and resistance are not exact, in reality they vary by about 5-10% per cycle historically.

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