Bitcoin’s price structure this year is starting to look eerily similar to 2019

If you look closely at this year’s chart, you can see that it is almost a perfect replica of what we saw in 2019. Bitcoin is currently in an accumulation phase, and interestingly, much like 2019, this accumulation phase has lasted exactly 175 days so far.

We are entering a pivotal moment that could lead to major market movements. In the coming weeks, all eyes will be on how Bitcoin will react. The question is whether it will follow the 2019 script, with a strong breakout after a long accumulation period, or will there be a deviation this time?

Market sentiment: Confidence or risk?

Despite the optimistic predictions, we cannot forget that the crypto market is always inherently risky and volatile. During the accumulation phase, short-selling orders are often triggered, creating short-term declines, fooling investors into creating a false sense that the uptrend is weakening. However, if Bitcoin follows the 2019 fractal, this is just preparation for a real boom.

With what is happening, perhaps in just 1-2 weeks, the market will reveal to us whether history is really repeating itself.

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