Why Bitcoin is set to start an ‘insane rally’
Bitcoin (BTC) appears to be on the brink of a massive rally that could see the asset establish its price above $150,000 if a rare and powerful historical setup plays out. According to an Analysis by prominent online cryptocurrency analyst TradingShot , the maiden digital asset is replicating a technical pattern that has preceded every major bull run. This time, it’s occurring for the second time within the same cycle, a first in the asset’s history. In a TradingView post on April 11, the analyst stated that the key driver of this projected rally is the Global Liquidity Cycle Indicator, which has formed another “higher low” on the monthly chart. Bitcoin price analysis chart. Source: TradingView This pattern, visible before the 2015, 2019, and 2022 bull runs, has consistently marked the beginning of parabolic moves. With Bitcoin trading above $81,000, it could be on the verge of its strongest rally if the pattern holds. Similar signals tr...