Bitcoin: Four-Year Cycle Playbook Breaks Down

Bitcoin defies the four-year cycle playbook that defined prior bears, sitting just 30% below its high and already recovering while the last three cycles plunged more than twice as deep and remained weeks from bottoming, according to Glassnode data.

Price action at $85479.73 shows BTC trading inside the Bollinger Bands with upper resistance at $89182.43, while the EMA50 at $82069.39 and EMA200 at $76897.23 anchor the bullish structure; the neutral RSI at 63.17 combined with the MACD death cross at 1545.43 points to near-term consolidation before any continuation higher in this BTC price prediction environment.