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A Bitcoin price pattern with 78% accuracy emerges, pointing to new BTC highs
A Bitcoin price pattern with a high success rate formed on the daily chart. Are new all-time highs for BTC on the way?

Market Analysis
Key points:
Since 2021, 78% of Bitcoin's bullish engulfing patterns have led to new local highs, especially within broader bullish trends.
Bitcoin has absorbed over $544 billion in capital since November 2022, pushing the realized market capitalization to $944 billion.
Bitcoin
BTC
€91,810
closed on Monday with a strong daily gain of 4.34%, forming a bullish engulfing candle that completely reversed the bearish price action of the previous two days. This pattern, along with BTC maintaining support above the $105,000 level for two consecutive days, signals a possible change in market structure and adds weight to the ongoing recovery.
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