COULD AUGUST DELIVER A SURPRISE RALLY?
Bitcoin has followed this type of structure before.
2022 Cycle:
• June: Local bottom at $17.6K
• August: +42% recovery rally
• November: Final cycle low near $15.5K
Some traders believe the current market is forming a similar pattern.
If $57.7K holds as June's local low, a 42% rebound would place Bitcoin near $82K.
That wouldn't necessarily mean the bear phase is over.
Instead, it could be a relief rally before the market decides its next major direction later in the year.
History doesn't repeat exactly...
But it often leaves valuable clues for those paying attention.
DYOR
$DOGE $PENGU $INJ
Bitcoin has followed this type of structure before.
2022 Cycle:
• June: Local bottom at $17.6K
• August: +42% recovery rally
• November: Final cycle low near $15.5K
Some traders believe the current market is forming a similar pattern.
If $57.7K holds as June's local low, a 42% rebound would place Bitcoin near $82K.
That wouldn't necessarily mean the bear phase is over.
Instead, it could be a relief rally before the market decides its next major direction later in the year.
History doesn't repeat exactly...
But it often leaves valuable clues for those paying attention.
DYOR
$DOGE $PENGU $INJ