Bitcoin broke below the day 54 low on Thursday to extend its daily cycle decline. Thursday was 59, placing it deep in its timing band for a DCL. Bitcoin managed to find support at the convergence of the rising 50 day MA and the 100 K support level. Bitcoin is currently in a daily uptrend. A swing low and close above the 10 day MA will indicate a continuation of its daily uptrend and signal cycle band buy signal — in which we would then label day 59 as the DCL. A break above 105975.11 will form a swing low.
Cycle Trading 
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