Julien Bittel, head of macro research at Global Macro Investor, a financial advisory publication, wrote: "This year's bitcoin price structure is starting to look strikingly similar to 2019. Bitcoin has been in a consolidation phase, and interestingly, just like 2019, this consolidation has lasted 175 days (so far). We are now approaching a critical juncture where major developments are possible, and next week will be very noteworthy. As we reach this potential inflection point, all eyes are on Bitcoin's reaction - will it follow the 2019 script, or will it be biased? Let's wait and see. If current trends hold, we could see some significant upward momentum. "