Bitcoin's one-year cycle may be broken due to market reversal, with resistance at $66,000 key.

From Investing.com

October 15, 2024 1:30:23 pm:

The market suggests a possible reversal, potentially breaking Bitcoin’s predictable pattern. Resistance at $66,000 is key, with premiums for Bitcoin and declining, hinting at a major development. Traders watch $62,000 as support, while a decline below $60,000 could lead to additional losses. Global liquidity index at new highs, signaling potential for Bitcoin to reach new all-time highs, but volatility is expected. The next few weeks will be crucial for Bitcoin’s price movement amidst the chance to break the one-year cycle.

Read more at Investing.com: One-Year Bitcoin (BTC) Cycle on Verge of Being Broken By U.Today