Bitcoin Retests Before Climbing Higher
The structure of Bitcoin’s price movement has been consistent since 2023: breakout, retest, and continuation. The recent $113K pullback follows this pattern, with major upward movements starting after retesting old resistance levels as new support. This trend has been observed across various timeframes over the years, indicating that the current consolidation phase may be setting the stage for another bullish run.
Consistent Price Action Amid Shifting Narratives
Despite changing narratives surrounding Bitcoin, the price action remains remarkably steadfast and predictable.
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