A pattern stretching back to bitcoin's earliest days has held through every market cycle. It has yet to be tested in the current one. Every bitcoin bear market has retraced more than 61.8% of the move from near zero in early 2010 to the latest bull market peak. With bitcoin’s latest peak above $126,000, that 61.8% retracement now sits around $48,215, implying prices could fall sharply from current levels near $64,000 if the historical pattern holds. Bitcoin BTC $ 63,736.21 has a unique pat…
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