news 
Bitcoin Repeats a 3-Cycle Pattern but This Signal Hasn’t Broken
A recent chart analysis has highlighted the striking resemblance between current market conditions and a pattern seen on three prior occasions, potentially indicating a short-term relief for Bitcoin. The similarity in price action and momentum indicators suggests that history may repeat itself, but crucial levels must still be broken to confirm the signal.
As illustrated by RickUntZ’s tweet, the chart features a repeating 3-cycle pattern, which has been observed on multiple instances since 2011. This phenomenon marks significant market shifts, preceded by similar momentum indicator behavior and price reactions at repeated market tops and bottoms.
The analysis emphasizes that it is essential to track reclaiming or rejecting key levels closely in order to confirm the validity of this signal.
Source: https://cryptonewsland.com/bitcoin-repeats-a-3-cycle-pattern-but-this-signal-hasnt-broken/
