Bitcoin’s historical price movement hints at imminent BTC ‘super bull rally’
Bitcoin (BTC) experienced a crash following macroeconomic uncertainties, which a crypto trader sees as a positive signal based on historical patterns. This could be the last piece of a “ super bull rally” puzzle, looking at a theoretical Bitcoin’s seven-year super cycle. On that note, Trader Alan shared a long-term BTC price technical analysis on X, posted on August 6. Alan celebrated the recent crash that “finally printed a wick down under the support line,” mirroring the previous super cycle. As analyzed, Bitcoin price made a similar move in 2016, triggering a “ super bull rally” that ended in 2018. According to the analyst, this new “wick down” could send BTC to another all-time high in the following years. Picks for you What Robert Kiyosaki is buying (and selling) now ...