Bull Run Tops Marked: $BTC

10 Nov 2021 → Previous cycle top (~$69K).

18 Aug 2025 → Current projected bull run top (~$112K–$120K zone).

Bear Market Projections (Post-Top):

You’ve highlighted previous bear market drawdowns:

2017 top → ~86% correction.

2021 top → ~78% correction.

Projection for 2025 top suggests another ~76–80% correction, potentially dropping BTC to the $20K–$40K range (highlighted orange box).

Support / Resistance Levels:

Major resistance at $112K–$120K (current top region).

Key support levels:

$92K zone

$57K zone

$20K–$40K retracement zone (big support box, historical bear market bottom range).

Timing Cycles:

Bear markets last roughly ~364 days (1 year) after cycle tops (both 2017 and 2021).

next projected bear market to bottom around May 2026.