A Historical Pattern Repeats Itself

In November 2020, Bitcoin's price faced a critical resistance level at $19,850. For two weeks, the cryptocurrency struggled to break through this barrier.

However, in a sudden and dramatic turn of events, Bitcoin's price surged, marking the beginning of the biggest rally of the cycle.

Fast forward to the present, and a similar pattern appears to be emerging. The author is now predicting that Bitcoin's price will break through the $100,000 level by early to mid-December.

This prediction is not based on speculation, but rather on the observation of a recurring pattern in Bitcoin's price history.

The Power of the Pause

One of the key insights that can be gleaned from this pattern is the importance of the "pause" in Bitcoin's price movement. The pause refers to a period of consolidation or sideways price movement that often precedes a major price breakout.

In the case of Bitcoin ($BTC ), the pause can be a period of temporary weakness or a pullback, which can be misleading to some investors. However, as the author notes, the biggest price movements in Bitcoin often occur after a period of consolidation.

What This Means for Investors

So, what does this mean for investors? The key takeaway is that Bitcoin's price is likely to experience a significant breakout in the near future. While it is impossible to predict with certainty, the historical pattern suggests that a major price movement is on the horizon.

As such, investors who are looking to capitalize on this potential breakout may want to consider positioning themselves accordingly. This could involve buying and holding $BTC (Bitcoin), or exploring other investment strategies that are designed to capitalize on the cryptocurrency's price volatility.