Analyst Sees Bitcoin Repeating the Start of the 2020 and 2023 Bull Cycles
- —The resemblance to 2020 is stronger than to 2023
- —The count starts 119 days after the local bottom
- —Bitcoin trades above every reclaimed moving average
- —A pullback to $75,000 would be a retest, not a reversal
Why it matters: If the pattern holds, Bitcoin's current weakness near $80,000 is an entry point rather than a trend reversal.
Source: BeInCrypto RU