At Bitcoin's current price of $79k, we're only 4% above the long term trend. Without a major global macro event the price is likely to bottom around $76k but no lower.

Outside of major bull runs (which we're about to enter if past trends repeat) the price often rallies to 60% above the trend, if a rally occurs at the end of the month when people expect then with a bottom of $79k we're likely to see a jump to $126k before going even higher. I expect this to kick starts the bull run through October when we climb towards $1M, though we may not hit it this cycle.

I'm fairly confident we'll at least break $800k.

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