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A brand new #BTC Four Year Cycle has begun

$BTC #Crypto #bitcoin

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$BTC Bitcoin is likely experiencing another Re-Accumulation period before trend continuation to new All Time Highs The last time Bitcoin experienced Re-Accumulation was in the Post-Halving Re-Accumulation phase Bitcoin rallied +46% upon breakout from that phase If Bitcoin is to breakout a similar amount from this current ReAccumulation period then price would rally to ~$150,000 What's interesting about that is that the 350x2 Pi Cycle MA (green) is located at around $140,000 Historically, in Parabolic Phases of the cycle, Bitcoin has had a tendency of overextending beyond the green Pi Cycle MA A +46% breakout from this current ReAccumulation Range would enable historical Pi Cycle tendencies to repeat with a new overextension beyond the green Pi Cycle MA $BTC #Crypto #Bitcoin

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#BTC $BTC Bitcoin has come a long way since the Bear Market Bottom Bitcoin has since broken the $100,000 psychological resistance

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#BTC The confluent support area (green circle) has indeed acted as a floor that has enabled consolidation within the $101k-$106k range Bitcoin is once again challenging the Range High for a breakout attempt from the range Daily Close above the $106k resistance followed by a post-breakout retest could enable a historic move to new All Time Highs $BTC #Crypto #Bitcoin

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#BTC Bitcoin never ceases to amaze with its price action Harsh rejection from the Range High but the most important takeaway is this: Bitcoin has successfully retested the red diagonal and black Range Low of $101k as support This confluent support may serve as a floor for future price action, enabling consolidation within this current $101k-$106k range $BTC #Crypto #Bitcoin

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