#Bitcoin is loading up for a massive breakout?
Since the cycle bottom, price is following a similar pattern:
- Price consolidates inside a pattern (range,triangle)
- Price breaks down to trap breakout traders
- Price quickly reclaims the pattern followed by an upside breakout
If you look at the chart below, price has been consolidating for a few months near the ATH. We already saw a fakeout when everyone started calling for $50k or lower.
The price has already reclaimed the range, and if the pattern repeats, we might see a massive breakout soon.