Bitcoin (BTC) primed for major run if this "beautiful" pattern validates
In a recent post, Charles Edwards, crypto analyst and founder of Capriole Fund, shared a Bitcoin monthly chart, pointing to an interesting pattern, which, if validated, might ignite a run for the flagship crypto.
Edwards called it "Bitcoin's four bumps and runs," adding that this cycle's bump and run reversal (BARR) is consistent with all prior cycles as BTC moves closer to the 2024 halving.
Based on length, depth and duration, the analyst observed that the next 12 to 18 months should see the highest cycle returns. At the moment of writing, BTC is trading at $27,520, down 1.33%, per CoinMarketCap.
$BTC $ETH
#crypto2023
#BTC
In a recent post, Charles Edwards, crypto analyst and founder of Capriole Fund, shared a Bitcoin monthly chart, pointing to an interesting pattern, which, if validated, might ignite a run for the flagship crypto.
Edwards called it "Bitcoin's four bumps and runs," adding that this cycle's bump and run reversal (BARR) is consistent with all prior cycles as BTC moves closer to the 2024 halving.
Based on length, depth and duration, the analyst observed that the next 12 to 18 months should see the highest cycle returns. At the moment of writing, BTC is trading at $27,520, down 1.33%, per CoinMarketCap.
$BTC $ETH
#crypto2023
#BTC