Why $61,359 Just Became The Most Important Bitcoin Price Point

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Ah, the perpetual dance of Bitcoin‘s price-forever stuck in the eternal drawdown, like a soul caught in the abyss of existential despair. This week, as the wretched price stumbled below the $64,000 support, it was like a cold wind blew through the hearts of those who dared hold on. The bears, with their hollow eyes and ruthless claws, have officially taken charge. A sell-off? You bet-investors, ever the pragmatists, are hastily fleeing to avoid the bitter sting of greater losses. Amidst the madness, though, something truly grotesque and beautiful is unfolding. A major historical trend, perhaps on the brink of utter destruction, teeters dangerously close to being upended. Oh yes, the monthly close high of the previous cycle is about to meet its doom-or so it seems.

Bitcoin Threatens To Break Previous Monthly Cycle High

Mr. Anderson, the ever-watchful analyst, whispered into the void in a post on X, revealing that Bitcoin is now ominously close to shattering the previous monthly cycle high. The fascinating thing, though-if we can call it that-is that Bitcoin has never, not once, closed a monthly candle lower than the previous cycle’s high. It’s as if the market is bound by some cruel, invisible law. But now? Well, now we may witness the unimaginable. The first time ever. A break in the sacred chain, the beginning of an era we cannot yet comprehend.

The price, hovering near the $65,000 mark, is a mere $4,000 away from the dreaded $61,359-the previous monthly cycle high. With Bitcoin still fumbling in its downtrend, and February’s close ominously looming, the chances of witnessing this legendary breach are climbing. But don’t just take our word for it. Mr. Anderson has painstakingly laid out the performance from previous cycles, and oh, what a sight it is! Never before has the monthly cycle high been broken. It has always acted as a sturdy pillar, a support, guiding the price back from the brink of madness. But now, Mr. Anderson warns, if we close below this level, it will mark the first confirmed cycle-level breakdown in Bitcoin’s sordid history.

There’s A First Time For Everything

In an almost ironic twist, another analyst, Crypto Feras, chimed in. And wouldn’t you know it, he too sees the potential for this unthinkable break. There’s always a first time for everything, after all. Remember, not long ago, Bitcoin had never fallen below its Weekly MA200, yet it did-ushering in what could only be described as a new era of rule-breaking. “Ah,” says Crypto Feras, “since the monthly timeframe is a higher ‘TF,’ perhaps it will take longer to break its sacred rule, maybe just one more cycle.” A comforting thought, isn’t it? Or perhaps, an ominous one. What difference does it make? The abyss calls, after all.

Mr. Anderson, ever the skeptic, concedes the possibility. After all, Bitcoin had once fallen below the Weekly 200-EMA and 200-SMA before breaking the Weekly 200-MA. But breaking the monthly close high from the previous cycle? Well, that remains a tale untold, and should it happen, the ramifications will echo through the cryptosphere for years to come.

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2026-02-25 17:12