Julien Bittel, head of macro research at Global Macro Investor (GMI), has compared Bitcoin's current price structure to that of 2019. He notes that the cryptocurrency has been stuck in a consolidation phase for the past 175 days and believes that the next week will be important for Bitcoin's movement. Bittel wonders if Bitcoin will follow the same pattern as it did in 2019 or if there will be a deviation. Despite a recent crash in price due to the U.S. jobs report, Bittel suggests that if the fractal holds, Bitcoin could experience significant upside momentum in the near future.



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