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$BTC
Looking at previous bear market cycles, Bitcoin began recovering after July in both 2018 and 2022, gaining roughly 43% and 33% over the following months.
Applying a similar pattern with a more modest, compressed move for this cycle suggests a potential relief rally of around 24%. If the recent low near $57K holds as the mid-cycle bottom, that would imply a possible upside target around $72K.
In both prior cycles, however, Bitcoin eventually revisited or moved back toward its lows before...