Julien Bittel, head of macro research at financial advisory publication Global Macro Investor, wrote in a post on X: “This year’s Bitcoin price structure is beginning to look strikingly similar to that of 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 juncture where significant developments are likely and will be well worth watching next week.

As we reach this potential inflection point, all eyes are on Bitcoin’s response — does it follow the 2019 script, or does it deviate? We’ll have to wait and see.

If the current market trend holds, we could see some significant upside momentum." #zachxbt