Bitcoin’s Rally Sparks Hopes for a 2015-Like Surge – BitRss

Renowned analyst Ali Martinez predicts that Bitcoin $102,918 could replicate its sharp rally cycle from 2015. He suggests that the leading cryptocurrency may currently be experiencing its last wave of decline but is poised for a swift and significant upswing afterward. Drawing parallels with the 2015-2018 cycle, Martinez highlights that BTC ($102,609.34) may soon test its historical peaks. However, he warns of a crucial caution; after the upward movement, a distribution phase could commence.

Similarity to Bitcoin’s 2015 Cycle

Martinez indicates that Bitcoin’s price movements bear similarities to the cycle experienced in 2015. In past cycles, BTC has shown a parabolic jump following periods of consolidation at current levels. The analyst suggests that the current stagnation might signal a similar upcoming rise.