#Bitcoin - Unprecedented Consolidation Phase

Chart is taken from @thescalpingpro 

Throughout Bitcoin's history, we've observed a recurring pattern: $BTC tends to consolidate near its all-time highs before embarking on a new price discovery phase.

However, this current consolidation is the longest we've ever seen.

- In 2017, BTC consolidated for 48 days before a breakout.
- In 2020, BTC consolidated for 21 days before a breakout.

Now, in 2024, Bitcoin has been consolidating for 87 days and counting.

When #BTC finally breaks out of this consolidation range, we are poised to see a significant upward surge. 📈📈📈
#Bitcoin #BTC