I’m wondering if this lower channel is now our new channel considering the blow off tops we had use the top middle line as support and when we fall below the middle support we enter bear market in 2021 we were above it on it as support then fell below then our second high at 70k we bounced off of it below and couldnt break above it. Or maybe we are all going to be surprised when this next run hits because all those billions of dollars pulled out of bitcoin/crypto nearly a trillion is waiting on the side lines to be put back in along with money the rest of retail has been saving and making waiting to put back in and I believe when this occurs we will have an epic bull run once this consolidation/recovery is over. I’m curious to see how cycles play out going forward I don’t believe we are done having blow off top cycles it’s still the same concept cycle that should happen the only difference is the value of btc but the supply and mathematics of the entire Hal it. Process are the exact same so i do t see why we would stop repeating the historic chart
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