Bitcoin: Final Dip Before Next Bull Run?

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Bitcoin: Final Dip Before Next Bull Run?Bitcoin / U.S. dollarBITSTAMP:BTCUSDHexaTradesBitcoin’s weekly chart continues to show a strong macro uptrend, with price consistently forming higher highs and higher lows across cycles. Each major correction has historically provided key accumulation zones, highlighted by the green arrows on the chart. Currently, BTC is pulling back from recent highs and approaching a critical support region. While the broader structure remains bullish, price could still see one more corrective leg toward the $50K zone before establishing a solid base for continuation. This type of shakeout has been common in previous cycles before major upside expansions. The most important signal right now comes from the weekly RSI: RSI is revisiting historically oversold regions (circled in blue) These levels have marked cycle bottoms in the past A potential bullish divergence is forming, indicating weakening bearish momentum If this plays out similarly to prior cycles, we could see a bottom form in the coming months, possibly into Q3, followed by a renewed push higher. Key Levels & Signals: Support: $50K – $60K zone Resistance: Previous highs and breakout continuation RSI: Bottoming structure + potential bullish divergence Market structure: Still bullish on higher timeframes Outlook: Short-term downside volatility remains on the table, but this phase looks more like a reset than a reversal. If support holds and RSI confirms, Bitcoin could be setting up for its next major leg up. Conclusion: This is a patience zone. Historically, moments like this have offered some of the best risk/reward opportunities in the cycle. Cheers Hexa Not financial advice. BTCUSD BTC BTCUSDT