Bitcoin's current price action bears striking resemblance to the 2022 cycle peak pattern—the one that triggered a brutal 100-day bear market. Worth keeping tabs on.

If we see a pullback landing around $76,000, that would essentially represent a retest of a critical structure before any potential continuation of the uptrend. Interestingly, this level also converges with Bitcoin's estimated production cost (the electrical expenditure to mine it). Historically, the floor never dipped below this threshold, which adds another layer of significance to why this zone deserves attention.