Bitcoin’s price recently fell by 4.3% after reaching a new all-time high of 124,100 USD. Analysts are comparing current chart patterns to previous peaks, noting a potential double top that could signal a bullish trend.
There is growing demand for Bitcoin from treasury companies, indicating a strengthened interest in the cryptocurrency. However, some traders express skepticism regarding the applicability of historical chart patterns to future movements.
While some analysts predict Bitcoin may follow previous cyclical patterns post-halving, others emphasize the influence of treasury investments over past chart analysis. Conflicting views continue to emerge in the trading community.
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