when bitcoin hovers right at a previous cycle's all-time high instead of getting slapped down, it shows that buyers are stepping up and easily eating all the sell pressure. grinding sideways at the ultimate ceiling builds a massive launchpad for price discovery, because once it breaks through, there is zero historical resistance left to hold it back. with the post-halving supply shock in full effect, holding this exact line has historically been the ultimate springboard for a parabolic run.
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