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$BTC is repeating history here.
Rallying back into the 50 week moving average after losing it.
Every time this has happened, it has led to a lower high and a transition into a bear market.
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Key Events This Week:👇
Monday
• ISM Manufacturing PMI (10:00 AM ET)
Wednesday
• ISM Services PMI (10:00 AM ET)
• JOLTS Job Openings November (10:00 AM ET)
Thursday
• Initial Jobless Claims (8:30 AM ET)
Friday
• Non Farm Payrolls (8:30 AM ET)
• Unemployment Rate (8:30 AM ET)
Big data week. Volatility is back!
The last 5 times Bitcoin reached this level of oversold conditions, price doubled within a few months.
Extreme oversold always creates extreme opportunity.
Relief rally loading.
Happy New Year 🎉
Historically, markets tend to rally into the first days of January as fresh capital flows in and sentiment resets.
New year, new liquidity, new opportunities.
Let’s see what this one brings!
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