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$Bitcoin has just flashed one of the most notable technical signals of the cycle.
Looking at data spanning from 2011 to the present, $Bitcoin continues to move within a long-term growth channel.
• Each touch of the channel's lower boundary marks the formation of a cycle bottom.
• Each touch of the upper boundary signals the end of the uptrend and the onset of a correction.
If this historical pattern holds, the cycle's next target could lie in the $250,000–$320,000 range before the uptrend concludes.
After more than 15 years, this price channel remains unbroken, continuing to be one of the most significant long-term patterns to watch for $Bitcoin.
Have we just witnessed the cycle's final bottom?