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pilitamu1977

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1 years, 103 days
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Meanwhile, a 5% slump seems likely for Bitcoin price amid falling momentum. It comes amid buyer exhaustion after BTC was massively overbought. With the Relative Strength Index RSI and the Awesome Oscillator AO supporting the downside, BTC could slide to test the support confluence between the 25-day Exponential Moving Average EMA and the horizontal line at $34,483 before a possible bounce. Bitcoin is trading at $37,109 at press time. Bitcoin halvings reduce the supply of new BTC created. Historically, bitcoin prices have bottomed roughly a year before a halving occurs and continue to rally for roughly a year after a halving is completed. Bitcoin reached its all-time high price on Nov 10, 2021, when the price of BTC peaked at $ 68,770. The current BTC cycle high is $ 35,628, while the cycle low is at $ 15,599. BTC has been displaying low volatility recently – the 1-month volatility of the coin is at 9.95. Bitcoin recorded 17 green days in the last 30 days.

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