Technical analysis by BenjiQ about Symbol BTC: Sell recommendation (2/26/2025)

Bitcoin’s Epic Comeback: From the Abyss to New Heights (2022–2024) After the brutal 2022 crash, Bitcoin was left battered, trading near $16K. Sentiment was at rock bottom—fear, uncertainty, and doubt ruled the market. But as 2023 unfolded, a silent accumulation phase began. Institutions and whales loaded up while retail investors remained hesitant. Then came the first sparks: inflation cooled, macro conditions improved, and whispers of a Bitcoin ETF surfaced. The market woke up. Bitcoin broke $30K, then $40K, as momentum grew. The long-awaited ETF approval in early 2024 sent shockwaves—institutions poured in, and Bitcoin exploded past $50K, then $60K. By mid-2024, the halving event tightened supply, fueling another leg up. Bitcoin shattered expectations, briefly touching $75K. Corrections came, but the uptrend held strong. As December 2024 approached, the market braced for the next chapter. With wave C on the horizon, the question wasn’t if Bitcoin would break new all-time highs, but when.