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Bitcoin Déjà Vu: Analyst Identifies Trends Reflecting 2016 Cycle Newsbtc 02 maj 2024

Bitcoin Déjà Vu: Analyst Identifies Trends Reflecting 2016 Cycle

Cryptocurrency analyst Rekt Capital observes similar trends between the current Bitcoin market and the 2016 bull cycle, notably after the Halving event. Bitcoin's recent price action mirrors the patterns from 2016, indicating a potential for further downside before an upward move, reminiscent of the post-Halving declines and Pre-Halving rally seen in the past cycle.

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