The fact that Bitcoin is having a hard time breaking out is good for the cycle as a whole. Bitcoin has never broken out so early after a halving.

If a breakout does occur, the cycle will accelerate to the point where the bull run will be shorter than usual.

This ongoing consolidation allows the price to resynchronize with the historical halving cycle so that we can achieve a normal bull run.

Bitcoin has been consolidating in this re-accumulation range for three months. History suggests that this could continue for another three months.

Therefore, it would not be surprising if the price falls back from the high resistance level of the range.

If you think that Bitcoin can always break through $100,000, then the current pullback is nothing to be afraid of. In the long run, every drop is an opportunity!

#币安用户数突破2亿