Analysis: This year's Bitcoin price structure is similar to that of 2019, and a critical moment in the market may arrive next week

ChainCatcher news, financial consulting publication Global Macro Investor's macro research director Julien Bittel posted on X: "This year's Bitcoin price structure is starting to look remarkably similar to 2019. Bitcoin has been in a consolidation phase, and interestingly, just like in 2019, this consolidation has lasted for 175 days (so far).

We are now approaching a critical moment that could lead to significant developments, and next week will be very worth watching. As we reach this potential turning point, everyone is watching Bitcoin's reaction------will it follow the 2019 script, or will there be a deviation? Let's wait and see. If the current market trend remains unchanged, we could see some significant upward momentum."