Bitcoin Weekly Reversal May Signal the Start of a New Bull Market
By: x.com|2026/08/22 12:17:00
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Crypto analyst Ali stated that the end phases of two previous bear markets in Bitcoin's history were marked by strong weekly reversals, typically driven by a "short squeeze," which could signal the onset of a new bull market. Historical data shows that towards the end of the 2019 Bitcoin bear market, there was a single-week increase of 31.98%, leading to a new upward cycle. In January 2023, following the FTX collapse and amid a pessimistic market sentiment, Bitcoin saw a weekly increase of 24.90%, reversing bearish expectations. Currently, Bitcoin has risen from $62,700 to $79,500, with a weekly gain of 26.81%. If historical patterns hold, this strong weekly reversal may indicate that Bitcoin (BTC) has entered the early stages of a new upward cycle.
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