Part 2/13:
The discussion kicks off with an intriguing analogy: pigeons have remarkable pattern recognition abilities, which can be metaphorically applied to understanding Bitcoin's market behavior. Central to this analysis is the 70-day consolidation period, a recurring pattern observed historically in Bitcoin's price action.
Historically, Bitcoin experienced a 70-day consolidation at key support levels—most notably around $40,000 in early 2021—before resuming upward movement. Today, the current consolidation at approximately 62,000 USD marks a similar period, suggesting a potential upcoming breakout. The pattern implies that after roughly 70 days of sideways trading, an upward trajectory often follows, hinting at possible gains in the near future.