Bitcoin's monthly chart is showing extreme compression right now—the kind we rarely see. Rewind to December 2023, and we had similar pressure building before BTC exploded from $26K through the $70K level. History doesn't repeat, but patterns sure do. The question is whether this squeeze is setting up the same kind of release we witnessed back then.
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FlyingLeek
· 9h ago
Here we go again... I remember the wave in December 2023, and wasn't it just cut again? Can this compression directly soar to 70K? Haha, easy to say.
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gm_or_ngmi
· 9h ago
ngl, this compression feels really different... I missed the bottom in the 2023 wave and I regret it to death.
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MetaverseVagabond
· 9h ago
Pushed to the limit, it feels like this time is really a bit different... Can the script of the 2023 rally from 26k be replayed?
Bitcoin's monthly chart is showing extreme compression right now—the kind we rarely see. Rewind to December 2023, and we had similar pressure building before BTC exploded from $26K through the $70K level. History doesn't repeat, but patterns sure do. The question is whether this squeeze is setting up the same kind of release we witnessed back then.