Since 2009: + After every halving, $BTC has broken above the channel midline before retesting the 210k-block SMA / lower trend line. + Every midline break has ended in a blow-off top at the upper trend line (orange)
This cycle: + 3 midline rejections → bounce at the 0.382 line → price now sitting on 0.382 again.
The next logical move is the upper trend line around $350K–$400K. 🚀🟧
Then bear market and retest of the 210k-block SMA / lower trend line.
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Since 2009:
+ After every halving, $BTC has broken above the channel midline before retesting the 210k-block SMA / lower trend line.
+ Every midline break has ended in a blow-off top at the upper trend line (orange)
This cycle:
+ 3 midline rejections → bounce at the 0.382 line → price now sitting on 0.382 again.
The next logical move is the upper trend line around $350K–$400K. 🚀🟧
Then bear market and retest of the 210k-block SMA / lower trend line.