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