As you can see in the chart, the bitcoin price has formed almost perfectly the same pattern as at the end of September, after which there was a pump to 68k dollars. I don't want to say that the bitcoin price is pumping immediately, but it looks very similar. However, the price can still fall lower.
Another possible scenario would be a repeat of the May-July correction. This pattern also looks very similar, and would also represent a bottom, if it plays out.
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