📉📈 $BTC is in a familiar spot, says trader Galaxy — and i
Asmaimran
Updated at: 3 days ago
{"content":"📉📈 $BTC is in a familiar spot, says trader Galaxy — and it looks a lot like late 2024.
Back then?
Bitcoin broke above resistance, retested it as support, and launched from $70K → $100K.
Now?
• Trendline is ascending
• $BTC is retesting support ~$112K–$116K
• Price action = eerily similar
• Swing low on Aug 1 may have been the bottom
Galaxy:
“Last time it looked like this was before the run from $70K to $100K.”
Unlike earlier this year, analysts don’t expect a sharp 30% drop.
Instead, many now see $109K as the new ultimate support.
If the structure holds, history may not repeat — but it might rhyme.
Volatility’s low. A breakout decision is near.
Stay sharp.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/07/f474d92ed1b443c6817c976d38889034.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}