Julien Bittel, head of macro research at Global Macro Investor, a financial advisory publication, wrote on X: "This year's Bitcoin price structure is beginning to look strikingly similar to that of 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 where major developments may occur, and next week will be very worth watching.
When we reach this potential inflection point, all eyes are on Bitcoin's reaction - will it follow the 2019 script, or will there be deviations? Let's wait and see.
If the current market trend remains unchanged, we may see some major upward momentum."