How Is Bitcoin Price Following A 100-Year Pattern If It’s Only 16 Years Old? Expert Tells All
Crypto analyst Merlijn claims Bitcoin is following a 100-year-old pattern mapped by Jesse Livermore in the 1920s. According to this pattern, if Bitcoin holds above $70,000, it could rally to $170,000 by late 2026 or early 2027. A drop below $60,000, however, would extend the accumulation phase. Merlijn also suggests a potential final drop to $45,000 before a breakout to $140,000, unless BTC holds $65,000 and breaks its descending channel.
Analyst Ali Martinez adds that if historical patterns repeat, Bitcoin is entering a final discount window between October 6-16, with a buy zone of $41,500-$45,500, potentially marking the start of a new 4-year bull cycle. At the time of writing, Bitcoin is trading around $70,600.
bitcoinist03/24 19:33