Will History repeat?

Bitcoin took a major hit last week, breaking through critical support levels.

At the time, we were genuinely concerned. Bitcoin seemed to be straying from its historical pattern—the very pattern on which we based our bullish outlook.

We had anticipated a double-digit gain for February, in line with Bitcoin’s post-halving behavior.

But instead? February handed us a double-digit loss.

How poetic, right? 😂

The charts looked grim, and technical signs pointed to Bitcoin being in a rough spot.

However, despite the brutal breakdown and a staggering $30 billion in short positions stacking up against Bitcoin, we knew a relief rally was on the horizon.

Below is a screenshot from our last newsletter.

Markets don’t move in straight lines, and extreme bearish sentiment often sets the stage for a rebound.

At the time, we outlined two key levels Bitcoin needed to reclaim to restore its bullish structure:

1. Break above the yellow diagonal line at $91,330.

2. Push past the lower white line at $92,375.

Failure to break these levels would confirm that the bears had full control or, worse, that a true bear market had begun.

Our advice was to sell your Bitcoin position and convert it to stablecoins if that happens.

However, instead of rolling over, Bitcoin delivered one of the most bullish comebacks imaginable. Not only did it reclaim both critical levels, but it also re-established its bullish structure.

If you zoom out to the weekly chart, you’ll notice something interesting—Bitcoin never actually broke its bullish structure in the higher timeframe. What looked like a disaster was nothing more than a doji candle.

A doji candle in itself means market indecision.

However, if this week’s candle closes above last week’s doji candle, it would set up one of the most bullish formations possible.

And history tells us that when Bitcoin pulls off this kind of move, fireworks follow.

Let’s examine the last two instances when a similar situation occurred:

• On October 7th, 2024, Bitcoin briefly dropped below the bull market support band (BMSB) but then closed above it, forming a doji candle.
  
  The outcome? A 59% rally, rising from $62,000 to $100,000.
  
  

  

  Bitcoin’s Weekly Chart

• On March 6th, 2024, just a few weeks after the FTX Crash – Bitcoin broke below the BMSB but reclaimed it with a doji close. As a result, it experienced a 30% rally from $22K to $29K.
  
  

  

  Bitcoin’s Weekly Chart

What Are The Odds Of Another Explosive Run This Time?

Right now, the setup is only halfway complete. Yes, Bitcoin is back above support and, more importantly, above the BMSB. But to confirm the bullish setup, it needs to close above last week’s candle.

If it does? We could be in for another massive rally.

If it doesn’t? We might see more sideways action or possibly another major breakdown.

But Here’s What We Know For Sure:

The bull market isn’t over.

We track over 30 different bull market peak indicators, and guess what? Not a single one has signaled a market top.

One of the most reliable indicators, the Pi Cycle Top Indicator, has historically flashed about five days before Bitcoin’s peak—and it still hasn’t triggered. That means there’s likely more room to run!

That’s it for today, I’ll see you in the next update! 👊

One of the most reliable indicators, the Pi Cycle Top Indicator— has historically flashed about five days before Bitcoin hits its peak.—has yet to trigger.

That’s it for today, Catch you on the next update! 👊

If you haven’t, you should consider joining our private community for exclusive insights and top-tier investment strategies—especially in the altcoin market.

Here’s the link:

Did we miss anything? Or just want to say hey? We'd love to hear from you! You can

• 🐦 Find us on Twitter

• 💬 Holler on Linkedin

• 💌 Reply to this email

• 🚀 Partner with The Crypto Explorer 

And If you haven't already, make sure to sign up to receive the next issue in your inbox.

Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.