According to a chart shared by "Mags" on X platform, Bitcoin's long-term cycle typically follows a pattern of a halving event, a rally, a peak, a bear market, hitting rock bottom, and then turning bullish again with the next halving event. The current chart suggests that BTC is in the bull rally phase after the 2024 halving and could potentially see a price surge. Bitcoin's immediate resistance is around the 20-day Exponential Moving Average, and if it can break above this level, it may climb above $100,000. The Bollinger Bands and Relative Strength Index indicate possible breakout and bullish momentum for Bitcoin. It is important to note that this information is for informational and educational purposes only and should not be taken as financial advice.



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