The market often recovers before a major bullish catalyst. Last cycle, BTC went from 16K to 32K before ranging. The catalyst that eventually sparked the move toward 40–50K was the ETF rumours, with the eventual approval leading to the next major leg and ultimately new ATHs. This cycle could play out in a similar way. After some form of re-accumulation and chop, I expect expansion to eventually occur, driven by bullish news that pushes BTC toward 100K+. We’ve already had a nice leg upwards, so it’s perfectly reasonable to expect the market to cool off and consolidate a little around these higher levels.(Killa)