Trader Killa identified a strong parallel between Bitcoin's current price action and its 2023 setup, suggesting the bullish trend could continue if BTC holds the top of its prior trading range.
In 2023, after breaking out of consolidation and printing a higher weekly high, Bitcoin avoided falling back below the previous high and instead formed a higher low before rallying. If the pattern repeats, BTC may hold the upper edge of the prior range without revisiting the $74,000 low, bottoming and rebounding at a higher level.
Bitcoin Price Action Mirrors Bullish 2023 Setup; Holding Range Top Could Sustain Uptrend
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