Bitcoin's recent price movements on exchanges such as Coinbase and Binance are showing similarities to patterns observed in 2023. These charts reveal that Bitcoin underwent a sharp breakout from a consolidation phase, characterized by a notable accumulation pattern within a specific trading range.
In 2024, Bitcoin achieved a significant price point of $90K, drawing connections to previous trends that could indicate the potential for further increases. Analysts are now speculating about the possibility of Bitcoin reaching $150K in upcoming years based on these ongoing parallels in market behavior.
Source: www.thecoinrepublic.com ↗
