Julien Bittel, head of macro research at Global Macro Investor, a financial advisory publication, wrote: "This year's bitcoin price structure is starting to look strikingly similar to 2019. Bitcoin has been in a consolidation phase, and interestingly, just like 2019, this consolidation has lasted 175 days (so far).
We are now approaching a critical juncture where major developments are possible, and next week will be very noteworthy.
As we reach this potential inflection point, all eyes are on Bitcoin's reaction - will it follow the 2019 script, or will it be biased? Let's wait and see.
If current trends hold, we could see some significant upward momentum. "
Opinion: This year's bitcoin price structure is similar to that of 2019
2024-09-08 04:53:36
Finance consulting publications global macro investor macro researchdesk3cryptocurrencydesktopCrypto News
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