Bitcoin’s price slipped to $105,235 today, dropping 1.5% over the past 24 hours and falling 4.2% in the last week. Some market watchers see this dip as a pause before a major move. According to their charts, Bitcoin could be gearing up for another steep gain.
Historical Patterns Point To Rebound
Based on reports from the analyst known as “Mister Crypto,” rounded-bottom formations and ascending triangles have marked every big Bitcoin rally. In 2013, when Bitcoin was trading under $10, it spent months in a smooth, curved base before breaking out and climbing past $1,000.
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A similar pattern showed up in 2017. After nearly three years of sideways action, the price finally exploded toward $20,000. The last cycle in 2021 also followed the same playbook,
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