💰 Is #BTC repeating history?
The movements of Bitcoin and alts at different times, but in the same stages of the market, are very similar. To understand how we will go up now, let's look back to the picture of the fall of 2024, when the price was coming out of a long correction.
As we can see, up until the breakout of the global high at that time, price was moving up in an "upward price channel" 📈. Later, when there was a breakdown of the zone at the global high, the growth calmed down.
The characteristic formations within that move were "inverted head and shoulders", "pennant" and "flag".
Now we see a very similar situation on the first cryptocurrency, but more localized. This means that we should now expect to see a FOLLOW UP to the ~$106,000 area with similar formations ☝️
