Crypto analyst Charles Edwards identified a pattern in Bitcoin’s price movement that could lead to a major run for the cryptocurrency if validated. Edwards refers to this pattern as a “technically beautiful” one, which has historically resulted in significant returns for Bitcoin within a specific timeframe.
He points out that Bitcoin’s current cycle, known as the Bump-and-Run Reversal (BARR), is following the same trajectory as previous cycles heading into the 2024 halving event. Based on the length, depth, and duration of the pattern, Edwards expects maximum cycle returns to occur within the next 12 to 18 months.
Bitcoin experienced a temporary dip in price but quickly recovered, and its short- and medium-term outlook suggests the potential for further upside if certain price levels are maintained.
Source: UTODAY
