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Bitcoin Analyst Sees 2023 Rally Repeating
A crypto analyst has identified a pattern on the weekly chart of Bitcoin that last appeared in 2023, shortly before BTC launched a rally that more than doubled its price. Bitcoin is currently trading around $76,000, sitting just above its weekly 50-period moving average (MA) at roughly $75,500. The analyst suggests that Bitcoin may be about to replay the 2023 setup, which resulted in a significant price increase.