#BTC   

A Weekly Candle Close above ~$71500 would probably kickstart the breakout from the Re-Accumulation Range

However, history suggests Bitcoin should consolidate inside this Re-Accumulation Range for several weeks more

Extended consolidation here would get Bitcoin closer to resynchronising with historical Halving Cycles

After all, the current acceleration in the cycle is still around 190 days (which is an improvement from the 260-day acceleration set in mid-March when BTC made new All Time Highs)

On the one hand, investors understandably want a breakout, but that would entail an Accelerated Cycle, where Bitcoin would probably peak in its Bull Market sooner

On the other hand, extended consolidation here would help with resynchronisation with historical Halving Cycles, resulting in a longer Bull Run

There is no right or wrong answer - both cases are bullish

It's more a question of whether we get a shorter bull run or a typically long one

History suggests we should see a typically long one but Bitcoin is one Weekly Close above the $71500 Range High from going against the grain of history once again

$BTC #Crypto #Bitcoin