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Olivia Rose
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Five straight down weeks has happened only three times since 2017 — and the prior two ended with no new lows. The call here: a bottom in the $67,000–$69,000 zone, with the 50-week break looking like a fakeout. History says patience, not panic. $BTC #BTCETHETFOutflows1.6B #USJobsCPIBeatForecasts
$BTC has declined for the fifth consecutive week, marking one of only three "consecutive five-week or longer declines" for Bitcoin since August 2017. It has dropped 11.32% in the past 30 days, currently priced around $73,800–74,000, which is about a 41% retracement from the all-time high of $126,080 in October 2025.
Main scenario: A bottoming out in the $67,000–69,000 range, with the time window pointing to November through the first quarter of 2027.
Support logic: Galaxy Research considers the break below the 50-week moving average a "fakeout"—the same pattern occurred in the 2011–12 and 2019–20 cycles, after which no new lows were made and prices rebounded within months. Currently, the price remains about 26% above the June cycle low of $59,500, resembling a "lost ceiling but no floor touched" pattern.
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