Bitcoin weekly chart flags possible redistribution phase tied to a prior 78% drawdown

Bitcoin's weekly chart is being read as entering a redistribution zone after earlier distribution and range phases. The same three-stage structure appeared after the 2021 peak and preceded a steep decline, while BTC was cited at $79,800 at the time of writing. The analysis argues a repeat of a 78% drop from current levels would imply prices below $25,000, though it says any move is not guaranteed.