The last time Bitcoin's monthly chart showed 5 consecutive down weeks was during the 2018-2019 bear market cycle; the support levels visible below are: one is the 200-week moving average (average holding cost over 200 weeks or 4 years), which is around 585 today; the other is the 60-month moving average (average holding cost over 60 months or 5 years), which is around 555 today.
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The last time Bitcoin's monthly chart showed 5 consecutive down weeks was during the 2018-2019 bear market cycle; the support levels visible below are: one is the 200-week moving average (average holding cost over 200 weeks or 4 years), which is around 585 today; the other is the 60-month moving average (average holding cost over 60 months or 5 years), which is around 555 today.