Analyst: Bitcoin Chart Mirrors Cycle That Delivered 400% Gains
- —Cappelleri compared BTC's 54% drawdown this cycle with the 70% decline in 2022–2023
- —That earlier slide ended in a large breakout and a 400% rally
- —The analyst looks for a "very similar foundation" rather than the same return
- —BTC trades near $84,000 after a 42% Q3 gain, its best since 2017
Why it matters: The technical setup supports a bullish case, but historical post-midterm selloffs add uncertainty ahead of November.
Source: CryptoPotato