LIVE
Understanding Bitcoin's Symmetrical Patterns: What Trading Heights's Experts Say
Bitcoin's ups and downs since 2022 have followed a pattern. There were three times it went up by a similar amount, and four times it went down by about the same amount. Experts say this pattern is typical in Neowave analysis. They think the first phase might end soon, maybe this month or next. If Bitcoin's price goes above $49,000, it could mean we're entering a new phase.
Looking at Bitcoin's weekly moves, the rise in March was bigger than expected. To explain this, experts suggest that a low point in January marked the end of one phase. But now, Bitcoin's price is falling again, making some people think we might be reaching a high point.
To be sure, Bitcoin needs to fall even more than it did in January. If it drops below $53,000 this month, it could confirm that a high point is coming. So, keep an eye on Bitcoin's price moves in the next few weeks to see where it's headed next.
LIVE