Let&#39;s try to understand the dynamics of Bitcoin price. Long-Term Outlook: I am nearly 100% confident in the bullish scenario described below. However, the <a href="https://tradersunion.com/currencies/forecast/btc-usd/signals/" rel="noopener noreferrer nofollow">short-term analysis</a> presents more complexities.Short-Term Analysis: Recently, Bitcoin broke through an ascending wedge downwards, which is a common occurrence in such formations. Now, an &#34;inverted head and shoulders&#34; pattern seems to be forming, suggesting a potential bullish trend reversal. If this pattern holds, Bitcoin could test the $60,500 level in the coming days.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b728cee28c884b5983db9320ee0618c1.jpg" />P.S. Bitcoin quickly reached the target area we discussed, indicating that we correctly identified the key patterns.Long-Term Comparison:I see many similarities to 2020. The recent market collapse feels akin to the COVID panic of March 2020. Let&#39;s analyze the charts in more detail:<ul><li>A diverging corrective triangle</li><li>A moderate bearish trend lasting several months</li><li>A &#34;black swan&#34; event with a long red candle, but closing within the established channel</li></ul><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/34574a7c0e9d4d78a1333a42e4dd889c.jpg" />How did events unfold in 2020? After a rapid decline, a strong upward movement began, leading to an all-time high (ATH) within a year, with Bitcoin&#39;s price increasing over fivefold. I anticipate a similar scenario this year, even if we only see a threefold increase.4-Year Cycle Analysis:Comparing Bitcoin&#39;s exchange rate dynamics within the 4-year halving cycle, we observe a predictable pattern.Current Situation: We are at the last pit stop before the rally. I expect significant acceleration in September-October, with a potential surge by the end of the year. The peak of the cycle should occur in 2025, with minimal interest rates and a substantial influx of capital into crypto.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7834e5c6932e418c8def4528ef3f36d6.jpg" />Disclaimer: This is just my opinion, not financial advice. What are your thoughts?Anton Kharitonov, Traders Union expert

Current Patterns in the BTC Market

Anton Kharitonov

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