📊 BITCOIN MACRO UPDATE
Market Cycle • Structure • Key Price Levels
Bitcoin continues to follow the classic crypto market cycle with impressive accuracy, making this a good time to review the bigger picture.
🔺 Cycle Top Confirmed
The macro top for this cycle was confirmed in October, when $BTC tested the $126,000 zone and faced strong rejection. That level marked the current cycle’s all-time high.
Since then, price action has shifted into a long consolidation phase, which structurally fits the early stages of a broader bear-market correction, not a collapse.
🌊 Wave Structure (ABC Correction)
From a technical perspective, Bitcoin appears to be forming an extended ABC corrective pattern:
Wave A: Drop from $126K → $59K (completed)
Wave B (potential): Relief recovery toward the $84,800 – $90,000 resistance zone
→ This is a major supply area where selling pressure is expected
Wave C (risk): If price fails to reclaim and hold above this zone, downside continuation toward $34,000 – $30,000 becomes likely
📍 Why $30K–$34K Matters
This lower zone aligns with:
Strong historical demand
Prior cycle accumulation levels
Long-term value-based buying interest
If reached, it would represent a strategic accumulation zone, not a reason for panic.
🕰️ Long-Term Outlook
Cycle analysis suggests this corrective phase could last into early 2027.
Once the reset is complete, the broader macro structure still supports much higher prices long term, with expansion potential toward $200,000+ in the next cycle.
🔑 Key Takeaway
Short- to mid-term volatility and downside risk remain valid.
But structurally, Bitcoin is resetting — not breaking.
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