Mags

#Bitcoin

While history doesn't repeat itself, it often follows similar patterns. After the bear market bottom around $15,500, we've seen Bitcoin go through sideways price action before every leg up.

Observing closely, you'll notice that during each consolidation phase, there are fakeouts on both ends before a strong upwards move.

Most of these consolidation lasted under 10 weeks, with the longest one lasting around 30 weeks.

Many traders get chopped out by the short-term price movements during this consolidation phase, while Bitcoin continues printing new highs.

Ignore the short term volatility, if the larger picture is looking bullish AF🤝