#Fidelity’s chart makes #BTC look like a river on a log scale—one that refuses to run straight. The banks are fitted. The droughts of 2015, 2018, and 2022 all stopped on the same side. This cycle’s low is tagged at 60K. After a summer spent hugging that line, someone has extended the channel to 2029. Across the water: 300K. That’s a city that only exists if the river is allowed to keep bending—not lights already on. The red/green strip below shows how far price has drifted from the main channel. When that distance gets as wide as prior droughts, the market starts calling it winter. Once winter ends, the same chart starts selling next year’s horizon. 60K is the riverbed. 300K is someone standing in it, staring three years out. Staring is fine. Whether the river honors this bend is up to the next low water. If the next drought changes course, what gets invalidated first—the 2029 address, or the line “it always grows inside this corridor”? #BTC #Bitcoin bitcoin:native