Analyst Sees Bitcoin Price Following 2020 Trends, Expects Bounce and Breakout After Shakeout

Analyst compares current Bitcoin price action to 2020, expects a bounce and eventual breakout like the 2020 bull run after shaking out weak hands
Analyst urges buyers to double down and HODL at current spot levels based on historical trends
There is strong rejection of Bitcoin prices in the $71,700 - $72,000 zone, marking last week's highs
Recently there was a large minting of stablecoins like USDT and USDC, signaling plenty of "dry powder" or liquidity that could flow into crypto
Stablecoins act as conduits of liquidity from traditional markets and allow more users exposure to top cryptos like Bitcoin