Bitcoin new all time highs inbound

٢٤ يوليو

I had the thought that #BTC has been moving like a slow old dinosaur stock trying to break all time highs so I pulled up a comparison with KO

The KO weekly chart when it broke to new all time highs this year is identical to the #BTC daily chart

The exact same price action occurred over a completely different timeline

✅ Initial strong breakout to respective all-time highs
✅ 20%+ pullback and retest of the initial breakout area
✅ 20%+ bounce from the pullback
✅ Multiple lower highs and failure to reach new ATHs
✅ Retest of the 20% pullback
✅ Double bottom confirmation
✅ Tight range consolidation
✅ KO all time highs
⏳ BTCUSD Bitcoin all time highs