bitcoinlimit on Nostr: The current structure of #Bitcoin price is beginning to bear a striking resemblance ...
The current structure of #Bitcoin price is beginning to bear a striking resemblance to 2019.
A closer examination of the chart reveals an almost perfect fractal mirroring the movements we observed back then.
Bitcoin has remained in a prolonged consolidation phase, and intriguingly, just like in 2019, this phase has now extended for exactly 175 days (so far).
We are approaching a critical juncture where significant upside price action could unfold.
Will history repeat itself, or will we witness a deviation from the 2019 pattern? Time will soon reveal the answer.
Published at
2024-09-07 20:50:26Event JSON
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"content": "The current structure of #Bitcoin price is beginning to bear a striking resemblance to 2019.\n\nA closer examination of the chart reveals an almost perfect fractal mirroring the movements we observed back then.\n\nBitcoin has remained in a prolonged consolidation phase, and intriguingly, just like in 2019, this phase has now extended for exactly 175 days (so far).\n\nWe are approaching a critical juncture where significant upside price action could unfold.\n\nWill history repeat itself, or will we witness a deviation from the 2019 pattern? Time will soon reveal the answer.\nhttps://m.primal.net/KihO.jpg",
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