Bitwise's head of ETP research, Andre Dragosch, identified a bullish pattern driven by liquidity captures similar to those seen in 2024, suggesting that #Bitcoin could break out toward new all-time highs.

This price structure resembles BTC's performance in October 2024, when it fell 8.8% after Iran launched a barrage of missiles at Israel. What followed was a trend reversal where Bitcoin rose more than 80% by December, reaching a high of around $108,365.