With Bitcoin (BTC) undergoing a short-term rally that has propelled the asset to surpass the $35,000 mark, attention has shifted towards how long this surge will be maintained as the asset aims for the next all-time high.
In this context, cryptocurrency analyst CryptoCon, in an X (formerly Twitter) post, pointed out that Bitcoin has recently encountered a rare breakout indicator, suggesting the potential for a significant historical move.
According to CryptoCon’s assessment, the indicator characterized by short-term downtrends and breakouts has only occurred for the second time in the current cycle, making it an event of exceptional significance.
Bitcoin price analysis chart. Source: CryptoCon
Historically, such occurrences have heralded significant movements in the cryptocurrency market and have been associated with some of the most notable bull runs in Bitcoin’s history.
“Not only does this typically spell good things to come in the shorter term, but it also marks the beginni
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