Bitcoin Looks Structurally Similar to Start of Rally to $20,000: Analyst

Despite the surge over the past few weeks, not all analysts are convinced Bitcoin is in a full-blown bull market. There remain commentators who argue that this move may just be a range deviation before a move back to the $9,000s, then lower. Stepping back, an analyst has found that Bitcoin’s chart looks structurally similar to how it did prior to 2017’s $20,000 rally. This boosts the bull case, though it’s important to note that history may not rhyme. There are also fundamental factors that sugg…

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