
Bitcoin printed its lowest point on day 42 — placing it in its timing band for a DCL. Bitcoin formed a swing low on Monday. Bitcoin has since been squeezed by the declining 10 day MA and the rising 50 day MA — until Thursday. Bitcoin broke bullishly out of consolidation on Thursday and is in the process of of breaking above the 10 day MA. A close above the 10 day MA will have us label day 42 as the DCL.

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