BTC The same exact pattern from the previous breakdown seems to be playing out once again. Back at the end of last year, BTC spent several months ranging between $84k and $94k, forming what looked like a classic accumulation phase. This was then followed by a breakout above the range highs, which quickly failed and transitioned into the distribution phase, ultimately leading to a sharp correction toward the current local bottom. Now price has once again spent multiple months ranging before breaking above the highs and immediately getting rejected back down. If BTC re-enters the previous range here, it could confirm the end of the manipulation phase and potentially mark the beginning of another distribution phase. The last time this pattern played out, BTC corrected roughly 40% from the local top. If history were to repeat itself once again, it would imply a move toward the $50k-$51k region before a larger bottom formation becomes likely.(Max Trades)