🐻 Bitcoin's Battle Continues 🚀

Bitcoin has been in a tug-of-war with the 2021-2022 bear market base, firmly anchored between $29,808 and $35,078. This resistance has historical significance as the ultimate test for kickstarting a bullish rally, according to technical analysis gurus.

Adding to the intrigue, Bitcoin's long-term resistance, measured in profit percentage (65.95-76.31 range), echoes this sentiment. It suggests that the current profitable supply since January 2023 might resemble an early peak, akin to previous bull runs.

Drawing parallels with past patterns, the supply movement resembles the periods of January-May 2012 and October 2015-May 2016. The verdict? Bitcoin's price trajectory remains uncertain until it breaks free from the 65.95-76.31 resistance range.

Could this be re-accumulation in disguise? 🤔📈 #BitcoinAnalysis #CryptoUpdate