$BTC may repeat the last year's cycle!
Bitcoin rose 30% in the final quarter of last year after breaking through a resistance line.
Right now, the situation looks similar. Let me explain:
First, you can see consolidation forming in Q2-Q3 2023. After leaving this zone, the price began to rise throughout Q4.
Secondly, right now we are in a similar consolidation. This year we can note the formation of the same pattern from Q2 to Q3.
Looking at these analogies we can expect growth in Q4 2024. Apparently, we have to break through the red resistance line and maybe then we will see a rise of 30% or higher.
It is worth noting that an important psychological mark of 100k$ stands at the exit of the marked growth potential.
Coincidence or a pattern?
I don't know for sure but as I pointed out, a lot of factors indicate just that scenario.
So if my observations are correct, we could see the $100,000 mark crossed as early as the end of this year.
Do you believe that Bitcoin will touch $100,000 this year?
#Bitcoin #BitcoinCycles
Bitcoin rose 30% in the final quarter of last year after breaking through a resistance line.
Right now, the situation looks similar. Let me explain:
First, you can see consolidation forming in Q2-Q3 2023. After leaving this zone, the price began to rise throughout Q4.
Secondly, right now we are in a similar consolidation. This year we can note the formation of the same pattern from Q2 to Q3.
Looking at these analogies we can expect growth in Q4 2024. Apparently, we have to break through the red resistance line and maybe then we will see a rise of 30% or higher.
It is worth noting that an important psychological mark of 100k$ stands at the exit of the marked growth potential.
Coincidence or a pattern?
I don't know for sure but as I pointed out, a lot of factors indicate just that scenario.
So if my observations are correct, we could see the $100,000 mark crossed as early as the end of this year.
Do you believe that Bitcoin will touch $100,000 this year?
#Bitcoin #BitcoinCycles