Global view of BTC
The difference between the current cycle and the previous ones is that the outer limit of the range on the buyers' side [BSL] is located at the All Time High quotes. And as we know from history, breaking through ATH for many market participants will be a trigger for expectations of the beginning of that very âbull runâ - a growth cycle.
This is probably where the main trap will be, since liquidity is primary in the pricing logic, and not âkey levelsâ, one of which is the ATH at the 69K quote.