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Crypto analyst lists similarities to Bitcoin’s 2019 technicals; Breakout imminent?


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The cryptocurrency market is showing signs of strength again, as most of its assets recorded advances in recent days, including Bitcoin (BTC), which some crypto experts believe is in for a major breakout.

If Bitcoin’s behavior patterns from the previous years are to be taken into account, these experts just might be proven right, as demonstrated on the side-by-side charts published by the pseudonymous crypto analyst Moustache on November 1.

The expert listed the similarities between Bitcoin’s technicals in 2019 and those in 2022, along with his predictions for its price action after the New Year’s holidays, which Moustache believes will be bullish.

Bitcoin’s technicals in 2019 versus 2022-2023. Source: Moustache

Specifically, these similarities include the successful ABC-correction, analogous relative strength indicator (RSI), similar Stochastic RSI (StochRSI), and the last body-candle close being greater than the previous month.

Patterns keep adding up

Earlier, the same expert presented other patterns that point to Bitcoin moving towards $30,000 in 2023, along…

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