The recent weekly chart of Bitcoin has formed a "hammer candlestick" for two consecutive weeks, which is extremely rare in the history of Bitcoin. Analyst Checkmate pointed out that this pattern, where the lower or upper shadow line accounts for 90% of the price range, has only appeared five times in history. In the past two weeks, BTC has fluctuated by 23% (February 24th low of $78167, high of $96515) and 16% (March 3rd low of $81444, high of $94415), showing a pattern of high opening and low closing. Similar patterns were seen in the bull market of 2017, the high point of $69000 in 2021, the post Silicon Valley banking crisis and summer slump of 2023, and the summer of 2024. Checkmate analysis suggests that although there is no clear cyclical pattern, the 2017 correction period suggests that this may indicate a critical turning point in price trends. (CoinDesk) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39028