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

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