Bitcoin is testing a 12-year-long upward trendline support, which has historically been associated with cycle resets. Currently, Bitcoin's price is stable in the mid-$80,000 range. Analysts point out that this long-term structural support level has remained effective during several past corrections, and the current price movement indicates that Bitcoin is in a consolidation phase rather than a collapse of the overall bull market structure.
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Bitcoin is testing a 12-year-long upward trendline support, which has historically been associated with cycle resets. Currently, Bitcoin's price is stable in the mid-$80,000 range. Analysts point out that this long-term structural support level has remained effective during several past corrections, and the current price movement indicates that Bitcoin is in a consolidation phase rather than a collapse of the overall bull market structure.