Pullback confirmation The next target is at least around 10500. In my opinion, there's a high probability of a rebound to that level. Then, if 10500 is reached, it will be an important turning point. If it continues upward, a long-term bull market will begin. If it struggles to break through and turns downward, the head and shoulders pattern will be confirmed. I don't really believe those who say the four-year cycle doesn't hold. I think the four-year cycle of BTC is ingrained in its DNA. Of course, the influence of this cycle on price will weaken. More macro factors will come into play.