The last time Bitcoin did this...

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Back in early October 2020, BTC broke back above the daily moving average ribbons at $11,000 and signalled the beginning of the bull run. After a growth of 500% in the BTC price, BTC tops out and breaks back below the Daily Ribbons.

If we close today's daily candle above $56,600, and BTC goes on another 500% increase, that's will bring a price target of $340,000 for 1 BTC .....