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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.

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Discussion

Prisoner24601 1y ago

Very interesting. If it does mirror though the end of the year, its crazy to think of all that has happened in this last cycle and the patter still emerging. Like, how does this cycle repeat with all the market forces at play? Crazy

papahuevo 1y ago

...and just after this picture comes the 30 day, roughly -62% dump. 😅😅😅

bitcoinlimit 1y ago

Grateful for the cheap sats

papahuevo 1y ago

Also welcoming the +50% before the dump. 👌🏼

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

plz pump not start until after end of september lol

Jake Woodhouse 1y ago

Bullish in my view

Would much prefer we build a super solid base, & fly up from there

ryanjordan 1y ago

Let’s hope is deviates to the upside…it’s $244k blow off top or bust. Anything else will be considered underwhelming IMHO