Bitcoin’s Line In The Sand Is $106,800: What Happens If It Gets Crossed?

Bitcoin’s (CRYPTO: BTC) ongoing correction phase is following a pattern similar to previous bull market pullbacks, according to technical analysis.

What Happened: Technical analyst Kevin noted on Patreon that Bitcoin’s correction patterns tend to “rhyme” across cycles, regardless of broader macro conditions.

Drawing comparisons to prior bull markets such as 2017 and 2023, he emphasized that 30%+ drawdowns do not necessarily signal the end of a rally as long as critical support levels hold.

Historical analysis shows that BTC correction phases typically last between …

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