Will Bitcoin repeat the same pattern from earlier this year?

in #bitcoin3 years ago

Bitcoin had 3 moves up before it eventually rolled over, will we see that again?

Back in the early part of this year bitcoin had 3 surges around the 60 level.

Each surge was slightly higher than the previous one.

Take a look:

image.png

(Source: https://cointelegraph.com/news/bitcoin-price-consolidation-leans-toward-another-leg-higher)

We had one in February, followed by one in March, which was ultimately followed by the peak in April.

A similar type of price action now would show a higher high in November, followed by another higher high in December.

Interestingly enough, that would also paint the higher high much lower than those $200k and $100k price targets...

What do you think?

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