Opinion: The price structure of Bitcoin this year is similar to that of 2019
Julien Bittel, Head of Macro Research at the financial advisory publication Global Macro Investor, posted on X saying: "The structure of Bitcoin's price this year is starting to look astonishingly similar to 2019. Bitcoin has been in a consolidation phase and interestingly, just like in 2019, this consolidation has lasted for 175 days (so far). We are now approaching a critical moment where significant developments may occur; next week will be very worth watching. As we reach this potential turning point, everyone is watching Bitcoin's reaction - will it follow the script of 2019 or deviate? Let's wait and see. If the current market trend continues unchanged, we might see some significant upward momentum."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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