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1️⃣ First Cycle (2021–2022)
Bitcoin reached around $65K – $69K.
After that, the price made a small bounce (Bull Trap).
Many traders thought the bull run would continue.
Instead, the market crashed strongly and BTC dropped to around $30K.
2️⃣ Second Cycle (2023–2025)
Bitcoin started another strong rally.
Price moved up to $110K and then $126K.
After the top, the chart shows another Bull Trap zone around $85K–$90K.
3️⃣ What is a Bull Trap?
A Bull Trap happens when:
The price moves slightly upward
Traders believe the market will continue going up
Many people open long positions
Then the market suddenly dumps downward
4️⃣ Possible Scenario (Based on the Chart)
If the same pattern repeats:
Key support area: around $80K
If this level breaks, the next possible levels could be:
$60K
$50K
$40K
In an extreme case, even $30K
5️⃣ Key Technical Signals
Multiple top formations
Distribution phase
Bull trap near resistance
Weak bounce before a larger drop
✅ Conclusion:
This chart suggests that after the $126K top, Bitcoin could experience a large correction, similar to the previous market cycle.
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