Bitcoin’s Price Is Running the Same Playbook That Led to a 400% Surge But There’s a Catch

Popular analyst Merlijn The Trader outlined in a recent post on X that bitcoin’s current setup resembles, to a large extent, its market behavior in late 2022 when the asset actually skyrocketed by triple digits from bottom to top. To even have the theoretical chance of doing so, though, Merlijn outlined the key level BTC has to hold. 385% Surge in the Making? His analysis noted that bitcoin had already run this…