Bitcoin (CRYPTO: BTC) is trading near $65,000, and historical midterm-year patterns suggest a near-term rally could push prices toward the low-$70,000 range.
The February Low, March High Playbook
Crypto analyst Benjamin Cowen said Bitcoin is closely tracking the same behavioural pattern seen in 2014, 2018 and 2022.
In those midterm years, typically the year after a post-halving peak, Bitcoin formed a local low in February before staging a counter-trend rally into early March, followed by renewed downside into spring.
- In 2014, Bitcoin bottomed on Feb. 25, rallied into March 3, then sold off into April.
- In 2018, it bottomed on Feb. 6, topped on March 5 and declined into April.
- In …