The 3-day timeframe Bitcoin (BTC/USDT) chart identifies a pattern where the current market phase mirrors a similar period from a year ago:
Historical Context:
In December 2023 – January 2024, Bitcoin underwent a consolidation phase, followed by an 88% price increase.
Currently, in December 2024 – January 2025, Bitcoin is in a similar consolidation phase, suggesting the possibility of another significant price increase.
Price Movement Expectations:
Based on the previous pattern, the current analysis anticipates a potential rally of approximately 85%-88% after the consolidation phase, aligning with historical behavior.
Technical Observations:
The chart shows key support and resistance levels, defined by green and blue trend lines.
Historical price behavior provides a reference for future expectations, reinforcing the potential for a similar bullish trend.
Historical Context:
In December 2023 – January 2024, Bitcoin underwent a consolidation phase, followed by an 88% price increase.
Currently, in December 2024 – January 2025, Bitcoin is in a similar consolidation phase, suggesting the possibility of another significant price increase.
Price Movement Expectations:
Based on the previous pattern, the current analysis anticipates a potential rally of approximately 85%-88% after the consolidation phase, aligning with historical behavior.
Technical Observations:
The chart shows key support and resistance levels, defined by green and blue trend lines.
Historical price behavior provides a reference for future expectations, reinforcing the potential for a similar bullish trend.
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