Bitcoin’s long-term chart still shows the same upward path it has followed for more than a decade. the latest Bitbo chart places current price inside the rainbow bands that have contained every prior cycle. Before the 2016 halving $BTC was near $1,000 and later reached almost $20,000 in 2017. Before the 2020 halving it traded around $9,000 and later hit $69,000 in 2021. Before the 2024 halving it sat near $64,000 and later reached $126,000 in the most recent cycle. each of those moves started from a price that looked expensive at the time. The bands themselves continue to rise on a log scale, with the lower boundaries still well above the levels that marked earlier cycle bottoms. Price remains inside the structure that has held since the early years of the network. past cycles do not guarantee the next one. The chart does show that $BTC has repeatedly moved higher after periods when many participants believed the large gains were already finished. The same pattern is still visible on this version of the chart. #Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Price Analysis# $ETH