Analyst Who Called Bitcoin Drop Thinks $14,000 Is Next Due to Fractal
Bitcoin has dropped dramatically since the $15,975 highs seen earlier this week, falling as low as $14,300. The coin currently trades for $15,000 after a strong bounce. Analysts see this as bullish as the low-$14,000s held as support. Though, an analyst expects $14,000 to soon be tested by the leading cryptocurrency. The analyst shared a fractal showing that the recent price action now looks similar to that seen in the 2017 rally. Bitcoin Could Soon […]
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Chainlink (LINK) has undergone a strong bounce since the lows under $8 it set in September. The leading cryptocurrency currently trades for a price around $11, almost 50% above those lows. Despite this recovery, not everyone thinks it will last. An eerie fractal suggests that the cryptocurrency could drop towards $6 in the coming weeks. […]
Bitcoin has stagnated after topping out in August at $12,500. The leading cryptocurrency currently trades in the middle of the medium-term range at $11,400. While some think that this price action is clearly the coin nearing a top, an analyst thinks that the cryptocurrency is primed to erupt higher. This analyst cited a fractal of the Nasdaq in the 2008 bear market. This analyst is one that has shared accurate fractals in the past, predicting […]
Crypto analyst X Force has drawn the crypto community’s attention to a key fractal from 2023, which paints a bullish picture for the Bitcoin price. However, the analyst suggested that a drop to $90,000 could still be on the cards for BTC, although that won’t invalidate the macro setup. Key Fractal Shows Bitcoin Price Is Still Bullish In an X post, X Force highlighted a key fractal from the early phase of the 2023 bull market and noted why it supports the view that the current trend remains bullish. He remarked that the price structure that was observed back then could offer insights....
Bitcoin bulls should prepare for its price to drop into the $35,000-40,000 area, per an apprehensively accurate fractal.
Crypto analyst Merlijn revealed that Bitcoin has flashed the most powerful fractal in the markets right now. This comes amid BTC’s rally to a one-month high of $75,000 despite the escalating tensions between the U.S. and Iran. Bitcoin Flashes Most Powerful Fractal In Markets Right Now In an X post, Merlijn stated that Bitcoin has formed the most powerful fractal in the market right now. He noted that gold had formed this structure in 1974, when it completed three waves, followed by a Fibonacci extension and a parabolic move. Now, BTC is forming an identical structure, with the third step....