Doing a big recap of $BTC history helps explaining where we are and puts some perspective to where we are heading. See comments in the chart.
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Actually the last Primary 3, 4 and 5 in the run-up got a bit garbled (hard to see), sorry. The correct price points are $11425 for wave 3, $8847 for wave 4 and $17161 for wave 5 that coincides with Cycle wave III.
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Zooming in on the daily: