The chart reveals a pattern that’s screaming for attention—Bitcoin's famous pump and dump cycles! If history repeats itself, we're standing on the edge of something BIG. Throughout Bitcoin's life, we’ve seen repeated zones: the "Boring Zone" followed by the explosive "Banana Zone." The current chart mirrors the past, showing how Bitcoin climbs after a dull, sideways period before catapulting into jaw-dropping gains.
📊 Pump Cycle Insight:
In 2011, Bitcoin was trading in the low hundreds before pumping to over $1,000! In 2017, the same story repeated—Bitcoin pumped from around $1,000 to nearly $20,000. And who could forget the wild 2020-2021 bull run, where Bitcoin shot from $10,000 to an all-time high near $69,000!
🚨 What’s Happening Now?!
We are right at the end of another Boring Zone, with Bitcoin around $30,000. This means the next move could take Bitcoin to the Banana Zone—potentially pushing the price to sky-high levels beyond $100,000 or higher if this cycle follows the explosive patterns of the past!
But BEWARE! After every major pump, a dump follows. In previous cycles, Bitcoin’s price crashed by 80%+ from its highs, taking it back down to test new lows. For example, after the 2017 peak, Bitcoin collapsed to $3,000 in the subsequent dump. The next pump could be monumental, but so could the correction—watch for a potential pullback to sub-$30K levels once the blow-off top is reached.
Buckle up—Bitcoin’s next pump could be just around the corner, and it might be the wildest ride yet..
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