A Bitcoin price model with 78% accuracy has emerged: Does it indicate that BTC will reach a new historical high?
Gate News, at the beginning of this week, the Bitcoin (BTC) market showed an impressive bullish signal—a bullish engulfing candle pattern, completely reversing last weekend's bearish trend. This technical pattern, combined with BTC maintaining above the $105,000 support level for two consecutive days, suggests a potential change in market structure and adds momentum for a continued recovery. Even more exciting, a Bitcoin price model based on historical data, with an accuracy rate of up to 78%, has also surfaced, strongly indicating that Bitcoin prices are likely to reach new historical highs. Does this mean that Bitcoin is about to usher in a new round of explosive growth?