A follow -up analyst closely believes that Bitcoin (BTC) is preparing for sharp communities in a possible repetition of the market cycle, which has witnessed about a decade ago.
Ali Martinez merchant Recount His 120,600 followers on the X social media platform that Bitcoin may follow in the footsteps of the 2015 market cycle.
If the similarities remain correct, Martinez believes that Bitcoin is now in a position that allows him to launch a violent mutation.
“Bitcoin shows stunning similarities with the 2015-2018 cycle. Historically, it was about this point when BTC went equivalent.”
Looking at the trading scheme, it appears that it suggests that Bitcoin be in the midst of a final match before a major explosion in the upper direction.
Although the trader is optimistic in BTC, it is expected that the next stage will likely reach Bitcoin to the highest market cycle based on the Wyckoff method – an investment and trading strategy developed by the stock trader Richard Dr. Wikov to discover market tops and asphalt on the market.
Martinez He thinks The inserted bitcoin rally can push BTC to about $ 200,000 before the holders of coins systematically empty.
“According to WyckFF method, Bitcoin BTC can approach its final leg before entering the distribution stage.”
Based on the Wyckoff method, the distribution stage is the final stage of the Taurus market as investors have dropped the coins by accumulating high prices, which represents a higher role than the original. It is also an introduction to the new bear market.
At the time of this report, Bitcoin is traded at $ 101,853.
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