Crypto Tice shared a weekly chart illustrating this pattern. Each time Bitcoin approached the Crash Line, its price corrected by about 33.10% and 30.97% before quickly surging higher. Now that Bitcoin has returned to the Crash Line after a recent 33.38% drop, the analyst suggested it could follow the same historical trend and launch a major rally.
As a result, Crypto King has outlined two possible scenarios for Bitcoin. If the cryptocurrency can push above $92,000 and hold that level, he expects it to flip from resistance into support.
Featured image from Unsplash, chart from TradingView
