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The chart shows Bitcoin still hasn't broken its 2021 high, so any bullish breakout feels like a repeat of old cycles.
I keep an eye on the 50‑day moving average; right now it’s hugging the support zone like a cat on a windowsill.
When you look at the long‑term trend, the upward slope is undeniable, but the volatility spikes are getting more frequent. bitcoin usd chart all time
My strategy: stay out of the market until we see a clean close above the recent resistance, then consider a small position.
The all‑time chart tells me that every major rally was preceded by a consolidation phase—patience is key.
I’m skeptical of the hype; the price action still respects the $30k psychological barrier more than any technical indicator.