$BTC ran into a wall again.
After tagging ~$70K, price failed to reclaim the 200-week EMA and prior cycle highs, with $68K now acting as resistance instead of support.
We’re ~140 days into this bear phase.
Historically, the shortest lasted ~365 days, and past drawdowns reached ~80%.
Is this a relief rally within a broader downtrend or the base-building before structure flips?

From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

