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Bitcoin is nearly at the 100-day consolidation phase as analysts predict a pump.
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BTC is close to breaking the $71,000 Mark as the price has been tested at this level multiple times.
Bitcoin price has been trading in the consolidation phase for a prolonged time. Crypto investor Jelle pointed out that Bitcoin is following the 2017 cycle and it is close to the 100-day consolidation. Jelle highlights that Bitcoin could rise soon, he is optimistic for the upcoming sessions.
Bitcoin Breakout Incoming
Crypto investor Jelle explained that Bitcoin is maintaining a bullish structure, similar to the 2017 version.
#Bitcoin has been closely following the 2017 bull market playbook.
If it keeps up the similarities, we’ll be leaving this choppy purgatory in about 10 days.
It’s time for expansion. You ready? pic.twitter.com/mohEhy3yup
— Jelle (@CryptoJelleNL) June 4, 2024
He noted a prolonged consolidation around key resistance levels before smashin
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