2024

Bitcoin

Coin

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 <li>Retail interest in Bitcoin has dropped sharply, mirroring late 2023 patterns, reflecting market apathy.</li> 
 <li>Bitcoin faces resistance at $61,843.50 whereby a breakout might lead to a short-term rally, but a pullback is expected.</li> 
 <li>Support at $59,916.40 might be tested if Bitcoin corrects after a brief rally, echoing past price movements.</li> 
</ul> 
The <a href="https://coinedition.com/why-bitcoin-prices-slipped-on-major-exchanges/?utm_source=telegram_channel&amp;utm_medium=referral">Bitcoin marke</a>t is showing striking parallels to patterns observed in late summer and autumn of 2023, according to analyst Miles Deutscher. Retail interest has significantly declined, with YouTube views plummeting in the past week. This drop in engagement reflects a broader lack of enthusiasm among market participants, exacerbated by a lack of compelling narratives to drive new investments. 
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 This feels eerily similar to August-October last year. • Retail interest is evaporating fast (YT views have fallen off a cliff over the past week) • Apathy amongst existing market participants • Lack of clear narratives (and the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> price action looks identical too) <a href="https://t.co/Y37iDoeSOl" target="_blank" rel="nofollow">pic.twitter.com/Y37iDoeSOl</a>— Miles Deutscher (@milesdeutscher) <a href="https://twitter.com/milesdeutscher/status/1823620205861351549?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 14, 2024</a>
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Comparing Bitcoin’s price trends from 2023 and 2024 reveals a recurring pattern. In 2023, …
The post <a href="https://coinedition.com/bitcoins-deja-vu-2023-patterns-emerge-whats-next/">Bitcoin’s Déjà Vu: 2023 Patterns Emerge, What’s Next?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin’s Déjà Vu: 2023 Patterns Emerge, What’s Next?

Coin Edition

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