In the 3-month timeframe, I see Bitcoin is displaying a correction phase very similar to the past, with a distinct reaction around the 94,000 area.
In the previous cycle, after reaching the highest all-time high, $BTC completed the structure by accumulating at lower price levels before continuing to expand the trend and move towards a new peak.
The difference this time is that a similar reaction pattern is occurring at higher price levels. To me, this indicates that buying interest is ready to engage earlier, rather than waiting for deep discount areas like before.
The 94k area is currently playing a crucial and decisive role for the next scenario. If the market continues to react positively here, I believe there is a high likelihood that Bitcoin will enter a phase of attempting to break through the new all-time high levels.
#BTC #MarketRebound
