I noticed it before most did — the familiar rhythm beneath the charts. Bitcoin isn’t just moving; it’s repeating the same structure we saw in 2017 and 2021. After the 2024 halving, it quietly reclaimed its previous all-time high near $69,000. Like before, it didn’t shoot straight up. It hesitated, consolidated, and frustrated many. On the surface, that looks like uncertainty. Underneath, long-term holders are absorbing supply while weaker hands rotate out — the same dynamic that set the stage for past parabolic moves.

In 2017, breaking $1,150 cleared the way for a 17x move by year-end. In 2021, reclaiming $20,000 led to $69,000 later that year. Each time, breakout, consolidation, then acceleration repeated, though the multipliers compressed as liquidity grew. Now, ETF inflows and structural demand add a new layer, tightening supply further. Derivatives markets show speculation exists but isn’t extreme yet.

The pattern matters more than exact price targets. History isn’t repeating because markets are lazy — it’s repeating because incentives haven’t changed. Scarcity, human behavior, and rhythm align. If this cycle mirrors the previous two, the quiet consolidation now isn’t weakness. It’s pressure building underneath, setting the stage for the next move. #CPIWatch $BTC #BTC☀️