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RE: BITCOIN: The 200 Day Moving Average (200DMA) and the three Market Cycles
Interesting to see how the trading range has been compressed signaling a new move... From a fundamentals perspective, I think it also demonstrates some balance in the demand and supply of the asset which is making market for price. Could we have just found an equilibrium on value = price?
I don't think so... the market is still so small, there are a lot of margin for growing and BITCOIN is the channel for buying other altcoins...This is just temporal
Great point! Makes sense!