Bitcoin 2024: Historical Repeat?
Bitcoin's performance in 2024 reminds many of past cycles:
* Three Higher Highs on the Daily Timeframe: This indicates a strong uptrend.
* 25% Dump: Many consider this dump to be the "bottom."
* 2-Week Reversal and Consolidation: After the price drop, it reversed and has been trading within a defined range.
* 70% Pump in <2 Months: This pump proves how strongly Bitcoin can rebound!
$ETH 2025: Is it its Time Now?
Following in Bitcoin's footsteps, $ETH is showing a similar pattern in 2025:
* Higher Highs on the Daily Timeframe: Ethereum is also showing a strong upward trend.
* 25% Dump: Similar to Bitcoin, Ethereum has also seen a significant drop, which many see as the bottom.
* Reversal and Current Consolidation: Ethereum also rebounded after falling and is currently in a phase of consolidation.
According to my estimate, a breakout could occur in the first week of July, potentially followed by a major rally.