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Bitcoin’s Price Is Running the Same Playbook That Led to a 400% Surge But There’s a Catch


Bitcoin’s Price Is Running the Same Playbook That Led to a 400% Surge But There’s a Catch

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Analyst Merlijn The Trader says bitcoin's current setup mirrors late-2022, when BTC rallied triple digits from bottom to top. Outcome is conditional: BTC must hold a key support level to keep a path toward a repeat of that triple-digit rally, a bullish signal for crypto price and adoption if sustained.

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Popular analyst Merlijn The Trader outlined in a recent post on X that bitcoin’s current setup resembles, to a large extent, its market behavior in late 2022 when the asset actually skyrocketed by triple digits from bottom to top.

To even have the theoretical chance of doing so, though, Merlijn outlined the key level BTC has to hold.

Read the article at CryptoPotato

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In This News

Coins

$ 60.71K

-4.14%

Funds

Predictions Markets

See what traders are focused on

View analytics →
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