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Current BTC structure is starting to resemble the 2018 bottom formation.
Not saying history will repeat exactly but the similarities are interesting:
• Sharp capitulation move
• Rounded bottom formation
• Lower high rejection
• Followed by a higher low and gradual trend recovery
In 2018, that structure eventually transitioned into a strong expansion phase.
Right now, BTC is showing a very similar sequence:
• Panic flush → recovery
• Failed breakout → reset
• Higher low formation → trend support building underneath price
The market still needs confirmation, but structurally this no longer looks like panic behavior.
It looks more like rebuilding.
If BTC continues holding higher lows, the probability of a larger continuation move increases significantly.
Shared in collab via @coinexcreators program.
#CoinEx