$BTC Looking at past cycles, Bitcoin, like most other assets, generally moves from range to range.

During the last bear market, the third major range after the top ultimately marked the bottom.

What’s interesting is that the distance between the second and third ranges was significantly smaller than the distance between the first and second.

The bottom range also tends to be narrower than the ranges that came before it.

All of these characteristics can be observed today too.

If history repeats itself, you know where we go next.