Bitcoin price pattern with 78% accuracy emerges, pointing to new BTC highs
A Bitcoin price pattern with a high hit rate formed on the daily chart. Are new BTC all-time highs incoming?
Key takeaways:
Since 2021, 78% of Bitcoin’s bullish engulfing patterns have led to new local highs, especially within broader uptrends.
Bitcoin has absorbed over $544 billion in capital since November 2022, pushing the realized market cap to $944 billion.