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BTC Showing a Familiar 2022 Setup
The current $BTC market structure is increasingly similar to the 2022 distribution phase.
Bitcoin previously formed a rising wedge compression, followed by a strong breakdown.
Right now, price is again tightening between ascending support and descending resistance, with rejection near the range highs.
Critical Support
• $68K to $69K
If this area fails, the next downside targets sit near $64K to $62K.
The fractal comparison with 2022 continues to strengthen.
$BTC