There were a lot of things to forget in 2022, but the bad news for crypto just keeps on coming. both Bitcoin (BTC) and Ethereum (ETH) failed to surpass its previous cycle high for the first time by the end of the year.
2022 was the first year that Bitcoin and Ethereum closed below their previous cycle highs.
Institutional crypto research firm Delphi Digital revealed disappointing end-of-year price metrics on January 3rd. It added that the 200-week moving average was also an important level that had never been broken in previous cycles.
“BTC has never failed to hold its 200-week moving average, which has historically been a key support level circular plane,
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