Drawing from various parallels with the Bitcoin price evolution in 2020, we can observe several noteworthy patterns:
The Weekly RSI recently surpassed a resistance that had held for multiple months.
There is a notable increase in trading volume.
Bitcoin's price has successfully broken a significant resistance level and underwent a retest, confirming its transformation into a solid support.
Furthermore, amidst the current turbulent economic landscape, we anticipate a surge in Bitcoin demand. Factors such as banking system instability, escalating geopolitical tensions, stock market shocks, and other ongoing disruptions contribute to this growing interest in Bitcoin.