In the previous cycle, after BTC reached its peak of around 69 thousand, prices did not collapse immediately.

$BTC In the previous cycle, after BTC reached its peak of around 69 thousand, prices did not collapse immediately. Instead, it entered a long phase that lasted about 1.5 years filled with volatile movements, fake pumps, and repeated crashes. The period from 2022 to 2023 was not just a bearish trend — it was a psychological battle that slowly exhausted both long-term and short-term traders.

Now, the structure is beginning to look very similar.

After reaching a new high of around 126 thousand, BTC lost its bullish structure and is now starting to return to the low demand area. The key zone (around 60 thousand–75 thousand) is the main decision area for the next six months. Here, the market is likely to create the biggest noise — bounces that look like reversals, followed by deeper declines.

The fundamental view is this: the real bottom rarely comes right after a sharp crash. It usually forms after a long period of sideways movement with decreasing volatility, when most traders lose interest and step back.

If this cycle continues to mimic the previous one:

• In the short term: prices may continue to decline for less liquidity

• In the medium term: expect a wide range with several fake breakouts

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