First of all Happy Labor Day to those who celebrate it and on that note, Bitcoin (BTCUSD) just closed 2 straight green months! This is a rare feat for a Bear Cycle as since 2011 and the first ever Bear Cycle, BTC recorded 2 straight green 1M candles only on two occasions.
First time during the 2014 Bear Cycle between May - June and a second time during the 2022 Bear Cycle between February - March. So the third time ever for that feat just took place. There have never been 3 straight green months on a Bear Cycle, so historically we should see BTC resuming the downtrend this month.
It is also interesting to note that both previous occasions took place exactly half-way (2014) through the Bear Cycle or marginally earlier (2022). This technically confirms the sentiment that we have been expressing on previous analyses, that we are currently in the middle of the 2026 Bear Cycle.
Also, we have a historic first. With April's closing, we have this month the first ever emergence of the 1M MA200 (orange trend-line, actually dash). Despite Bitcoin being around since 2009, it just now completed the necessary price (candle) action to display a 1M MA200 and that just shows what investing is about on the long-term scale. Patience.
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