🔹 Current Price: $106,244
🔹 Overview:
By comparing the current Bitcoin structure with the previous cycle (2019–2021), we can notice a clear similarity in price behavior within consolidation ranges.
This fractal resemblance suggests that the market might be repeating a similar corrective phase before the next major move.
📊 Price Structure Analysis
In both highlighted brown zones on the chart, Bitcoin entered a distribution phase after a strong bullish rally.
Each time, the pattern showed:
A double-top formation near the highs.
Followed by a sideways correction inside a well-defined range.
Then a breakdown below support, leading to a deeper retracement before the next major uptrend began.
Currently, the same structure seems to be forming again — indicating a high probability of a similar scenario unfolding soon.
🔵 Key Support / Buy Zone
A strong potential buy zone is identified between $78,000 and $80,000, based on several technical factors:
It aligns with the lower boundary of the current consolidation range.
It corresponds to the Golden Fibonacci level (0.618) of the recent bullish leg.
The RSI (6) is currently around 38, signaling that the market is approaching oversold conditions.
📈 Expected Scenario
1. Short-term: Bitcoin may continue to range between $105,000 and $126,000
2. If the lower support breaks, price could retest the $78,000 zone before finding strong buying interest.
3. A confirmed rebound from that area could trigger a new bullish wave toward $130,000 – $140,000 in the medium term.
⚠️ Risk Management
This is not a financial advice, but a technical observation based on historical patterns and price behavior.