Technical analysis by nesoglasen about Symbol BTC: Buy recommendation (2/2/2025)

The movement dynamics of the NASDAQ index in January 2025 are beginning to resemble market trends from the 1997 - 1998 period - a shock crash in the summer of 1998, followed by the dot-com bubble. While it is unlikely that the chart will fully repeat itself, market conditions may lead to a similar pattern.Under this scenario, applied to Bitcoin, we could see a downturn in February 2025, followed by a recovery in March or April, and the formation of a bubble, with peaks potentially reached by late 2025 or early 2026.During the dot-com bubble, the internet was an emerging technology expected to revolutionise entire industries. Companies poured investments into dot-com startups, even when their business models were unproven and real profits were absent.We are now witnessing a similar dynamic, but in the context of AI and cryptocurrencies. Crypto is not only aligning with the AI-driven narrative but have also gained institutional recognition as speculative financial assets.