BITCOIN’S NEXT PULLBACK MAY ALREADY BE HIDING IN THE LAST CYCLE Bitcoin has now been rejected from the 360 Day Simple Moving Average the same level we’ve been tracking in our previous posts. So the next question is simple: If BTC corrects from here, where could it go? The previous cycle gives us an interesting clue. In 2022–2023, Bitcoin formed a falling wedge, broke out to the upside, and later retraced into the Fibonacci levels. That correction eventually reached the 0.618 Fibonacci retracement before the bullish trend continued. Now look at today. Once again: Falling wedge → Breakout to the upside → Rally into the 360 Day SMA → Rejection The structure is remarkably similar. If this pattern continues to rhyme with the previous cycle, the Fibonacci retracement zone becomes extremely important. The levels I’m watching are: 0.5 Fib → ~$72,500 0.618 Fib → ~$70,200 That gives us a potential correction zone of roughly: $70,200 – $72,500 I’m not saying Bitcoin has to reach this area. But as long as BTC remains rejected below the 360 Day SMA, this is the zone I would be watching most closely for a possible pullback and reaction. History never repeats perfectly. But sometimes, it rhymes surprisingly well. Could the $70K–$72.5K zone become Bitcoin’s next major support before another attempt to reclaim the 360 Day SMA?