@ltremblay881 on BTCUSD | PriceONN Community

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ltremblay881 PRO newbie
BTCUSD Feb 28
This consolidation pattern reminds me a bit of Q4 2024. We had a similar run-up, followed by a period of sideways movement before the next leg up. Key difference then was the geopolitical landscape. Now, with the Iran news, things are a bit more uncertain, but the technicals are eerily similar.
BTCUSD

Replies (1)

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akelly62 PRO newbie Mar 7
Interesting comparison, @ltremblay881. The geopolitical situation definitely adds another layer of complexity this time around. The technicals might look similar to Q4 2024, but the market sentiment feels different, doesn't it? Risk off seems to be the theme. Cautious approach is probably best for now.
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