🍕 Bitcoin Pizza Day is Almost Here!
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📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
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Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
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Bitcoin’s Bull Run Follows a Script as Symmetrical Triangle Signals Next Breakout
Bitcoin's structured bullish trend from 2023 to 2025 features recurring double-bottoms, three-wave rises, and symmetrical triangles.
Each bullish cycle shows disciplined price action with breakouts consistently following consolidation and wave completions.
Bitcoin's current symmetrical triangle mirrors past setups, reinforcing the potential for another breakout as momentum remains strong.
According to Javon Marks, Bitcoin’s price action from September 2023 to May 2025 shows a clear and structured bullish trend. The crypto giant recently surged from $81,000 to above $105,000, mimicking previous breakout behavior. Notably, the price is currently consolidating within a symmetrical triangle. Historical data shows these formations often precede major breakouts
Besides, each bullish run has followed a similar cycle. A reversal pattern appears first, followed by three rising waves and consolidation. This repetition has persisted across several phases. Consequently, Bitcoin now trades just above $95,000 with strong upward momentum.
Recurring Cycles Indicate Market Discipline
Throughout this 20-month timeframe, Bitcoin has formed consistent double-bottom patterns before explosive rallies. The first occurred in late 2023 and triggered a sharp rally marked in red. Then came a three-wave rise highlighted in yellow. Afterward, the price paused inside a symmetrical triangle before breaking out early in 2024. That move propelled Bitcoin to a new local high.
However, the rally paused mid-2024, leading to a healthy retracement. The market formed a support base around this level. A second double-bottom emerged around October 2024. This triggered another strong upward breakout. Additionally, the same three-wave structure reappeared, maintaining a disciplined trend pattern.
Strong Resistance Respect Confirms Market Strength
After the third wave of the second structure, Bitcoin once again consolidated within a symmetrical triangle. This time, the formation stretched into early 2025. The price continued to respect both upper and lower trendlines throughout. Recently, Bitcoin rebounded off the lower trendline, showing buyers remain in control. A black arrow projection suggests another breakout is imminent.
Moreover, the data reveals disciplined behavior across support and resistance zones. Each breakout followed a clear pattern, with bullish impulses ignited after wave completions. The repetition is not random but systematic.
Hence, the current setup mirrors past bullish breakouts, increasing the likelihood of another surge. Traders may see short pullbacks, but the structure points upward. The market’s recurring behavior suggests a strong and structured bull phase.
The post Bitcoin’s Bull Run Follows a Script as Symmetrical Triangle Signals Next Breakout appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.