Sees BTC in similar pattern to 2019-2020 bull run

According to Cointelegraph, an anonymous crypto analyst named Trader Tardigrade, who has around 53,000 followers on X (formerly Twitter), has diagnosed that "the BTC/USD 2-week chart is showing a pattern similar to the pre-bull market pattern seen in 2019-2020." "On that chart, the recent BTC movements have formed a Descending Broadening Triangle pattern, which is similar to the one we saw in 2019 when BTC rose from below $10,000 to near $70,000," he explained. Another analyst, Matthew Hyland, said: "BTC seems to have found a bottom before embarking on a Q4 rally. This is a market behavior that was also observed in 2012, 2016, and 2020 during the US election cycle."