This is the most important chart $BTC that everyone should follow.
After about 140 days from the peak, BTC usually forms an intermediate top and enters a bear market.
Approximately 70 days after reaching the ATH, Bitcoin often creates a significant reversal point – which could be a bottom or a top, depending on the market narrative at that time.
Currently, the dominant story is bearish (, which increases the likelihood that a reversal bottom is forming around this area. If this scenario occurs, it is very likely that BTC will experience a rebound in the January–February period, where a new reversal top could appear, similar to previous cycles.
Subsequently, a 20–30% correction within the next year is a completely reasonable expectation. )$BTC $ETH
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This is the most important chart $BTC that everyone should follow.
After about 140 days from the peak, BTC usually forms an intermediate top and enters a bear market.
Approximately 70 days after reaching the ATH, Bitcoin often creates a significant reversal point – which could be a bottom or a top, depending on the market narrative at that time.
Currently, the dominant story is bearish (, which increases the likelihood that a reversal bottom is forming around this area. If this scenario occurs, it is very likely that BTC will experience a rebound in the January–February period, where a new reversal top could appear, similar to previous cycles.
Subsequently, a 20–30% correction within the next year is a completely reasonable expectation.
)$BTC $ETH