It has never happened before. When Bitcoin reclaims all of its key moving averages, it always goes on to hold them for at least 2 years. The shortest time period that this reclaim has lasted for, is 777 days(forgetting about COVID). This is because moving averages are not arbitrary lines. They represent the average price of Bitcoin over certain timeframes. If the price gets below those average days, then it is stalling and has lost momentum. This is when we enter bear cycles. When price gets above them, this is when price has strength and enters a bull cycle. There is a reason this is historically 100% the case. Its the case in other asset markets also, not just Bitcoin. However, right now, we are only at 70 days. If we were to lose all of the moving averages after only 70 days, it would be an unprecedented event that is so far away from the mean, that there is no other example for it.
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