According to @godbole17, Bitcoin’s BTC chart is signaling a solid pullback as a linear trendline drawn from the 2017-2021 bull-market highs continues to cap gains. Source: @godbole17 on X, Dec 31, 2025. He adds that while a log scale is ideal, the linear trendline has been working well, reducing the odds of an immediate upside breakout without fresh policy tailwinds. Source: @godbole17 on X, Dec 31, 2025. He outlines three paths from here: immediate QE, a multi-month base above 100K, or a sharp pullback, with the latter consistent with current market conviction that the four-year cycle is dead. Source: @godbole17 on X, Dec 31, 2025. He argues a breakout would likely require massive central bank stimulus consistent with the Cantillon effect, whereas current fiscal flows target capex rather than direct liquidity. Source: @godbole17 on X, Dec 31, 2025. For traders, this implies elevated near-term downside risk, potential buy-the-dip demand on retracements, and 100K as a pivotal level for base-building versus failure. Source: @godbole17 on X, Dec 31, 2025.