Bitcoin's recent price action has caught the attention of crypto enthusiasts and analysts alike. The leading cryptocurrency has entered a buy zone that previously led to significant price rallies, according to crypto analyst Vivek.
Vivek noted that this buy zone is similar to those seen in the 2018 and 2022 bear cycles, which saw BTC rally by 1,700% and 660%, respectively. The analyst believes that a parabolic rally is next, given the same setup has appeared again.