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$BTC Last cycle we had a similar bearish catalyst that marked the local bottom,
Price dumped -22% from the highs in 2023 and this time I am expecting it to be around 16-17% dump from the highs.
The intriguing part is that after flushing the overleveraged positions,
Price pumped ~50% from the absolute bottom and the projected pump this time is around 25-30%.
It's nothing new, we get these catalysts play out from time to time, but the market does what it wants to.
Overall, it's just a matter of time before we mark the bottom and absolutely rip towards the upside.