Cycle Parallels Favor a Longer Base Before the Next Leg Higher

Three and a half months out from the cycle low, bitcoin sits just above its 50-week moving average with multiple weekly closes confirming the reclaim. The holder base has consolidated around the $78-92k zone, accumulating 17.2 percent of the circulating supply at these levels. That setup mirrors the 2023 early-bull period so closely it is worth a full comparison to understand what may come next.