The 6-month candlestick has closed.



Before the start of the bull markets in 2018 and 2022, Bitcoin had never formed more than 2 consecutive red 6-month candlesticks.

Now the second red candlestick has closed. If this pattern holds, the next 6-month candlestick will be green, just like in past cycles.

If the cycle repeats again, Bitcoin may bottom out within 3 to 6 months and begin a major reversal.
BTC0.34%
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