BitcoinUpdated Bitcoin’s Explosive Move are We Entering the Final Drive?
Bitcoin’s price history continues to follow a repeating Three-Drive pattern, where each major bullish cycle spans approximately 35 months before reaching exhaustion. The timing is eerily precise—each peak has occurred around November or December, marking the end of a euphoric rally and the beginning of a painful correction.
In 2017, Bitcoin peaked at $20,893 in December before plunging into a deep correction. The 2021 cycle topped at $70,655 in November, triggering another sharp decline into the demand zone. Now, Drive 3 is unfolding, potentially leading to a cycle high around $250,179—right into a major supply zone. The confluence of trendlines and Fibonacci projections suggests that this could be the next critical turning point.
Will history repeat itself with another cycle-ending rejection, or will Bitcoin break free from this structured rhythm and enter price discovery beyond expectations? If the supply zone holds, a major pullback into the demand areas could be imminent. However, a confirmed breakout above this range could invalidate past trends and send Bitcoin into uncharted territory.
The market is at a defining moment, are we about to witness another historic Bitcoin peak, or the beginning of something far greater?
Your comment will be appreciated on this.
In 2017, Bitcoin peaked at $20,893 in December before plunging into a deep correction. The 2021 cycle topped at $70,655 in November, triggering another sharp decline into the demand zone. Now, Drive 3 is unfolding, potentially leading to a cycle high around $250,179—right into a major supply zone. The confluence of trendlines and Fibonacci projections suggests that this could be the next critical turning point.
Will history repeat itself with another cycle-ending rejection, or will Bitcoin break free from this structured rhythm and enter price discovery beyond expectations? If the supply zone holds, a major pullback into the demand areas could be imminent. However, a confirmed breakout above this range could invalidate past trends and send Bitcoin into uncharted territory.
The market is at a defining moment, are we about to witness another historic Bitcoin peak, or the beginning of something far greater?
Your comment will be appreciated on this.
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We are taking a closer look on drive 3 moving patterns
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What’s your take on BTC? Do you believe the top is in, or do you trust in a continuation toward higher highs from this level? Drop your comment let discuss.
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Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.