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<ul class="news-points"> 
 <li>Charles Shrem has observed that crypto is at a similar level to 2020 chat before XRP surged about 180%.</li> 
 <li>Shrem showed a correlation between Bitcoin, Total3, and XRP that is repeating itself three years apart.</li> 
 <li>After the setup in 2020, Bitcoin rallied over 320% in less than six months.</li> 
</ul> 
Charles Shrem, the cryptocurrency analyst popularly known as Blockchain Backer, has observed that the crypto market is at a similar level to where it was in 2020 before XRP surged about 180%. According to Shrem, both the Bitcoin and the altcoin prices started to rally towards new highs shortly after that setup. 
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 In 2020, is was right about where we are right now in this setup where XRP shot up 180%. Bitcoin up <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Altcoin market up <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> This is where it happened, let's see how this week unfolds from here. <a href="https://t.co/B1fFM9qJEu" target="_blank" rel="nofollow">pic.twitter.com/B1fFM9qJEu</a>— Blockchain Backer (@BCBacker) <a href="https://twitter.com/BCBacker/status/1733560554608906496?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 9, 2023</a>
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Shrem explained his observation by using a current Bitcoin daily chart and placing it side by side with the daily chart from 2020. He also plotted the XRP/USD price on the charts and the Total3 metric, representing the total market cap of all cryptocurrencies excluding <a href="https://coinedition.com/ethereum-vs-bitcoin-use-cases-technical-differences-scaling-issues/">Bitcoin and Ethereum</a>. 
Shrem’s chart pr…
The post <a href="https://coinedition.com/crypto-analyst-spots-pre-2021-rally-setup-on-the-bitcoin-chart/">Crypto Analyst Spots Pre-2021 Rally Setup On The Bitcoin Chart</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Analyst Spots Pre-2021 Rally Setup On The Bitcoin Chart

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