Is It Time To Sell? Bitcoin Price Enters Redistribution Phase That Previously Led To A 78% Crash

A warning from Bitcoin’s weekly chart is showing a familiar bear market structure beginning to take shape. According to technical analysis of the weekly chart, Bitcoin has already moved through a topside distribution phase and a range phase beneath it, and the current price action is now forming a redistribution zone. The concern is that a similar setup appeared after the 2021 peak before Bitcoin went through a much deeper decline. The last time this setup appeared, it erased nearly 80% of Bitco