Everyone sees $BTC at $63K. Few see the two clocks. 400-day cycle average: $89K 1,510-day structural base: $60.4K Over the last 90 days: Cycle: −7.0% Structural base: +3.2% A 10.2% divergence. The cycle is falling. The structural base is rising. Bitcoin is trading almost directly on structure. Short-term selling has pushed price down, while the long-term foundation continues moving higher.
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