The price of Bitcoin saw a sudden surge that took its price above $9k, a long-awaited breach in resistance. The coin started to pump late June 15 and continued to rise on June 16. Many speculated the reason behind this pump, however, a crypto enthusiast highlighted a familiar pattern of Bitcoin.
According to a Twitter user, @MoonOverlord informed that Bitcoin had already broken the non-linear regression curve median line. They also noted that the last time Bitcoin broke this pattern, it went from $2,500 to $20,000, and with history repeating itself, the coin just might move swiftly to $60,000.