HomeIn a recent video post, crypto strategist Jason Picino stated that in the previous cycles of 2016 and 2020, Bitcoin experienced a pullback after reaching the 50% retracement level on the monthly chart before rallying and reaching a cycle top.
However, Picino noted that in this cycle, Bitcoin did not experience a similar pullback after reaching the 50% correction level – instead, it continued to trade above it.
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The expert highlighted the unusual nature of Bitcoin's current price movement, describing it as an unprecedented financial surge.
At the same time, he emphasized that this time may be different, indicating a potential departure from the norm.
Picino suggests that this deviation could mean a stronger market compared to previous cycles, which could lead to an earlier top, writes kryptonovini.com.
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