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Bitcoin - did we hit the top of this cycle and are we done?
#BTCUSD Monthly Chart - Testing Long-Term Resistance
This monthly #Bitcoin chart shows a clear pattern of significant price tops, marked with yellow circles. These tops align with a long-term trend-line acting as resistance, which the price is now testing. Historically, #BTC has struggled to break this level, leading to substantial corrections.
- A potential bearish scenario, with a possible correction looming if the resistance holds.
- Watching for confirmation in the coming months to see if Bitcoin breaks out or begins another downward cycle.
This monthly #Bitcoin chart shows a clear pattern of significant price tops, marked with yellow circles. These tops align with a long-term trend-line acting as resistance, which the price is now testing. Historically, #BTC has struggled to break this level, leading to substantial corrections.
- A potential bearish scenario, with a possible correction looming if the resistance holds.
- Watching for confirmation in the coming months to see if Bitcoin breaks out or begins another downward cycle.
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