Part 11/13:
The 2020-2021 cycle saw a 420-day from peak to trough, emphasizing lengthening bull/bear cycles compared to previous years.
Currently, Bitcoin is consolidating at the same 70-day mark as previous cycles, hinting at a potential breakout based on historical equivalency.
Technical charts display that Bitcoin has spent recent time consolidating at key levels—around $60,000 to $62,000. Historically, such periods of sideways movement have preceded significant upward moves.
Furthermore, the market's sentiment shows a decrease in short positions, which often signals that investors consider the bottom to be in—setting the stage for a potential rally.