Based on the current price behavior and technical signals, it is highly likely that the bull market cycle of #BTC has completed. The monthly chart is showing a pattern very similar to previous cycles: breaking the uptrend, closing with a strong red candle right after the peak, and the MACD starting to cross downwards.

If history repeats the rhythm of 1064 days up – 364 days of correction, then the coming months may see a technical bounce before entering a real downtrend.

This is often the market stage that provides the last opportunity to restructure the #altcoin portfolio. One can expect #BTC to bounce so that altcoins have another surge.

What do you see on the chart? Does the current reaction of BTC resemble the cycles of 2017 or 2021 more?$BTC

BTC

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