BITCOIN - under resistance since 2011-Birth of a new cycle soon
The Chart Clearly explains itself
Since before Bitcoin PA went into its current channel, it was under a Huge Arc that resisted any move higher...strongly, Every single ATH, Every one, even the most recent
This is Easily seen by the Blue Arc
And as you can see, maybe THIS is the real reason why PA is struggling to break higher....It just cannot break over that Arc.
The main chart is Monthly, Lets look at the weekly.
You can clearly see what happened in 2021, rejected twice and again this cycle.
And you can see how, by December This year, 2025, PA will be squeezed very tight.
And PA usually moves before the APEX>
And, if we are going to repeat the previous cycle moves, the 1st year after a New ATH usually sees a decline in price, as can be seen by the red boxes.
But PA needs to break OVER that Arc first. and then remain ABOVE IT.
This would then create a new cycle pattern.
And we need it.
Currently, we can go back to Lows of 88K before we loose support on that lower trendline but from there, we need to break over.
A Strong move in SEPTEMBER / OCTOBER would be Ideal
Just saying
