The decline from 126k to 80k lasted 45 days. The adjustment from 80k to the current level has exceeded 70 days, which is 1.5 times longer than the previous decline. From a trend perspective, if the decline continues, it shouldn't take so long. There is reason to suspect that this is a completely new market phase, which should be treated differently from previous situations. As long as the price does not break through 80k, the longer it consolidates at low levels, the higher the probability of the next upward trend. 80k is a psychological and capital "bottom": as long as the price stays in this area and tests it multiple times, it can recover, indicating a very strong demand wall (Buy Wall). Low volatility buildup: the longer the consolidation, the narrower the Bollinger Bands (Bollinger Bands) become, and the lower the volatility. This kind of dead silence is usually a precursor to a major trend reversal. During low-level dead silence, the breakout upward is usually very strong because the resistance above has been tested and absorbed during the prolonged oscillation. $BTC

BTC-6,43%
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