⬤ Bitcoin (BTC) is getting attention from a monthly chart that breaks down its price movements into clear markup, markdown, and recovery stages. The latest pullback is labeled as a markdown phase that’s already moved into recovery, with signs pointing to a fresh markup phase kicking off next month. The chart frames this action within a longer-term cycle to show how BTC tends to move in patterns.
⬤ The monthly chart marks strong upward runs as “Markup” and downward stretches as “Markdown.” After each markdown, there’s a “Recovery” label showing the early bounce before the next markup wave begins. The price scale runs from roughly $60,000 up to $140,000, giving a wide-angle view instead of focusing on daily swings. The most recent section shows a sharp markdown candle followed by a smaller recovery candle, which is circled and linked to a projected markup path highlighted in blue.
⬤ BTC has cycled through these phases repeatedly over several months, suggesting the current pullback might already be in recovery mode. The chart keeps Bitcoin front and center as the benchmark asset, shifting attention away from short-term noise and toward the bigger directional picture.
⬤ This matters because Bitcoin usually drives sentiment across the entire crypto market. Where BTC sits in its longer-term cycle shapes how traders and investors view the broader landscape, and the hint that another markup phase could be starting soon keeps eyes on Bitcoin’s trend dynamics as it moves out of recovery.
BTC Price Chart Shows Bitcoin Ready for Next Markup Phase
⬤ Bitcoin (BTC) is getting attention from a monthly chart that breaks down its price movements into clear markup, markdown, and recovery stages. The latest pullback is labeled as a markdown phase that’s already moved into recovery, with signs pointing to a fresh markup phase kicking off next month. The chart frames this action within a longer-term cycle to show how BTC tends to move in patterns.
⬤ The monthly chart marks strong upward runs as “Markup” and downward stretches as “Markdown.” After each markdown, there’s a “Recovery” label showing the early bounce before the next markup wave begins. The price scale runs from roughly $60,000 up to $140,000, giving a wide-angle view instead of focusing on daily swings. The most recent section shows a sharp markdown candle followed by a smaller recovery candle, which is circled and linked to a projected markup path highlighted in blue.
⬤ BTC has cycled through these phases repeatedly over several months, suggesting the current pullback might already be in recovery mode. The chart keeps Bitcoin front and center as the benchmark asset, shifting attention away from short-term noise and toward the bigger directional picture.
⬤ This matters because Bitcoin usually drives sentiment across the entire crypto market. Where BTC sits in its longer-term cycle shapes how traders and investors view the broader landscape, and the hint that another markup phase could be starting soon keeps eyes on Bitcoin’s trend dynamics as it moves out of recovery.