Historical chart of bitcoin.

Bitcoin struck its broken line for the second time this year. It is now entering a long-term bear market, and then we will see a bull market with a target of over $ 500,000.

You can see that Bitcoin has repeated this scenario before.
As you can see, there are three peaks above the white line and then the break of this line. Then two pullbacks to the white line and then entering a long-term bear market and then a very high-target bull market.