$126k is a mid-cycle top, the drawdown to $60k is a mid-cycle bottom. Parabolic reversal is underway, while DXY tanks, risk-on stocks fly, SPX and metals go sideways. Then recession.
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Bitcoin's price briefly touched $60,000 last week. Under a diminishing returns model, this is no mere noise. The market is touching the weakest link in the entire four-year cycle and logarithmic growth framework.

With the gains at the top of the Bitcoin cycle already significantly compressed, a further historically deep correction would completely negate the allure of its classic cycles.

This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

Historical Bitcoin Cycle Tops:

· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

$55,000 will be the lifeline for Bitcoin.

The U.S. Department of Justice (DOJ) has announced a 20-year prison sentence for Daren Li, 42, for his involvement in a global cryptocurrency investment scam. Notably, the sentence was...

The ringleader of a cryptocurrency scam worth approximately $74 million has been sentenced to 20 years in prison.

Bitcoin rose as much as 3.3% to $71,000 last night, following the performance of US stocks, but faced heavy selling pressure after the close, currently trading at $70,289. Ethereum briefly broke through […].
The article, titled "Bitcoin and US Stocks Surge to $71,000, Ethereum Fluctuates and Falls Back to $2,150, Bitmine BlockTempo the Opportunity to Buy the dips 80 Million ETH," was originally published on BlockTempo, the most influential ABMedia media.

Bitcoin surged to $71,000, mirroring the rise in US stocks, while Ethereum fluctuated and then fell back to $2,150. Bitmine buy the dips the opportunity to buy 80 million worth of ETH.

Agree most of this and the general principle in terms of BTC price, possibility that stocks continue above 7000 and DXY continues lower.