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At least one analyst is drawing a comparison between Bitcoin's current price structure and the March 2023 market bottom — the trough that preceded a 238% rally in $BTC.
The argument is a chart pattern call, not a claim grounded in any specific on-chain shift or macro catalyst the source identifies.
What the Comparison Actually Says The March 2023 bottom is a well-worn reference point for cycle analysts.
Bitcoin bottomed in that period before staging a sustained move higher that ultimately stretched 238%, according to the figure cited.
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