Bitcoin's price falling below the 50-week moving average ($13,000) for several weeks indicates the end of the bull cycle and the beginning of a bear market.
"But when Bitcoin's price went below that 50week moving average level, that meant it was the end of the bull cycle and the beginning of the bare market. And we broke below that price point for a few weeks in a row now, which is obviously not good. That price point is $13,000, which for a few weeks now, we have been below that point."
