According to Golden Finance, Julien Bittel, head of macro research at financial consulting publication Global Macro Investor, posted on X: "The price structure of Bitcoin this year is starting to look strikingly similar to 2019. Bitcoin has been in a consolidation phase, and interestingly, just like in 2019, this consolidation has lasted 175 days (so far).

We are now approaching a critical moment where a significant development might occur, making next week very interesting to watch.

As we reach this potential turning point, everyone is watching how Bitcoin reacts - will it follow the 2019 script, or will it deviate? Let's wait and see.

If the current market trend persists, we might see some major upward momentum."