This Bitcoin price fractal from 2018 could trap bulls, sink BTC price to $25K...
The eerie fractal risks sending Bitcoin's price to $25,000 despite its sharp recovery in the previous weeks. A recent price recovery in the Bitcoin (BTC) market risks getting erased due to an eerie fractal from 2018.Bitcoin price cycle similaritiesFirst spotted by CryptoBullet, an independent market analyst, the fractal shows Bitcoin recreating an inverse head-and-shoulders (IH&S) pattern that preceded its price decline toward $3,100 later in December 2018. As a result, anticipations that BTC's price will undergo similar declines in 2022 might grow. That is primarily because of the....
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Bitcoin price is back retesting its current all-time high above $58,000, but hasn’t been able to crack it just yet after a few attempts. However, a fractal found matching the 2019 rally has been discovered in the recent price action that simply cannot be unseen. Here’s a closer look at the fractal itself, and what it could suggest if the same path is followed as the last time it ominously appeared. Bitcoin Fever Spreads, But […]
Bitcoin bulls should prepare for its price to drop into the $35,000-40,000 area, per an apprehensively accurate fractal.
Bitcoin today smashed above $20,000 and recaptured mainstream media headlines everywhere. FOMO is now full steam, and there’s no telling where the cryptocurrency might stop – unless a fractal forming plays out exactly as it has in past instances of the repeating pattern. Bulls need to fear not, however, as the same fractal suggests that […]
Bitcoin has seen some wild price action over the past couple of weeks, only being rivaled by that seen during past parabolic rallies, like the one in 2017 The cryptocurrency is showing few signs of slowing down anytime soon, as bulls have taken clear control of its price action Where it trends in the mid-term will likely depend on whether or not it can form a strong base of support within the lower-$30,000 region Bulls […]
The rug was just pulled across crypto, wiping out gains from the past week and then some. Bitcoin is now back at prices from March, and is at risk of falling deeper into a bear phase according to a fractal found in the recent price action. What’s notable, is that the same fractal suggests that […]