Analysis: This year's Bitcoin price structure is similar to that of 2019, and next week may usher in a critical moment in the market

BlockBeats news, September 8, financial consulting publication Global Macro Investor macro research director Julien Bittel wrote in X: "This year's Bitcoin price structure is beginning to look surprisingly similar to 2019. Bitcoin has been in a consolidation phase, and interestingly, just like in 2019, this consolidation has lasted for 175 days (so far).

We are now approaching a critical moment, and major developments may occur, which will be very worth watching next week. As we reach this potential inflection point, everyone is watching Bitcoin's reaction - will it follow the 2019 script, or will there be deviations? Let's wait and see. If the current market trend remains unchanged, we may see some major upward momentum. ”