Bitcoin whales are preparing for a sustained bull run.
BTC’s price pattern is consistent with previous market trends.
The technical analyst thinks Bitcoin could rally to $150,000.
A Bitcoin analyst on the Thinking Crypto podcast suggested recent Bitcoin price dips were a strategic move by whales positioning for a bull run. The analyst analyzed BTC’s chart patterns and compared them to historical trends, highlighting how Ethereum and other altcoins have behaved in recent months as they prepared for sustained rallies.
Bitcoin hit a new all-time high in March, just weeks before the latest halving event. However, the flagship crypto has since consolidated, retracing over 30% in the past six months. While many retail traders panicked about BTC’s behavior, the renowned analyst explained how Bitcoin whales controlled the trend, taking advantage of a downward channel and setting the market up for a sustained bull run.
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Bitcoin’s Behavior is Consistent
The analyst pointed out the consistency of Bitcoin’s historical price patterns. According to him, the crypto market’s notable …
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