HOPIUM MODE: ACTIVATED.
Bitcoin just did something very familiar… and very interesting.
Back in 2022, $BTC revisited the 2017 all-time high around $19,800. It even wicked below it to $15,400… and that sweep marked the cycle bottom.
Now?
History is rhyming again.
Bitcoin has dipped below the 2021 all-time high near $69,000 and just tapped the $60,000 zone. A clean retest of prior breakout structure. Same playbook. Same emotional damage. Same disbelief phase.
This is how markets reset.
When previous cycle highs turn into support, that’s where strong hands quietly step in. Fear peaks. Narratives turn bearish. And price starts building fuel for the next move.
The structure right now suggests exhaustion on the downside. Momentum is cooling. Sellers are pressing — but not accelerating.
If equities stay stable, Bitcoin looks primed for a relief rally. Not blind optimism — just technical rhythm.
But let’s be real.
If stocks roll over aggressively, correlations snap back fast and Bitcoin can still sweep lower liquidity before any sustainable bounce.
For now though… this level matters.
We’ve seen this movie before.
And every time Bitcoin retests a previous cycle high after breaking it, the market underestimates what comes next.
Volatility is high. Sentiment is fragile.
But structure? Structure is speaking.
Let’s see if history delivers another chapter.
