According to BlockBeats, on September 8, Julien Bittel, head of macro research at the financial consulting publication Global Macro Investor, wrote in an article 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 juncture where major developments could occur, and it will be very interesting to watch next week. All eyes will be on how Bitcoin reacts as we reach this potential inflection point – does it follow the 2019 script, or will there be deviations? We will see. If the current trend remains intact, we could see some major upside momentum.”
