Bitcoin is mirroring its 2022 bottom setup, analyst sees a major rally ahead

Bitcoin is repeating its 2022 bottoming pattern, meaning the climb toward $83,000 is likely a trap. With nearly a million BTC held by sellers waiting to break even and profit margins hitting 25%, a rejection is imminent. We could see a crash back to $63,000 before any real rally begins. The data suggests a massive shakeout is coming, not a moonshot. Is Bitcoin actually ready for a new high, or are you prepared for a $20,000 drop? What’s your move?
This summary was generated by AI