Is Bitcoin Repeating 2019 Bull Run Patterns? This Indicator Suggest That May Be The Case
Portfolio Pulse from Khyathi Dalal
Technical analyst Benjamin Cowen suggests Bitcoin may be repeating 2019 patterns, cautioning against expectations of an imminent bull run. He highlights the importance of analyzing indicators like the Pi Cycle Top during downturns and suggests patience in observing market trends.
August 21, 2024 | 6:16 pm
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Benjamin Cowen suggests Bitcoin may be repeating 2019 patterns, indicating a cautious outlook for an imminent bull run. He emphasizes the importance of analyzing indicators like the Pi Cycle Top during downturns and suggests patience in observing market trends.
Cowen's analysis suggests Bitcoin's current market structure resembles 2019, with potential for a similar pattern. He advises caution and patience, indicating a neutral short-term impact as the market may not see an immediate bull run.
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