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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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 […]
Ethereum price over the last couple of years has outperformed even Bitcoin’s, making it the most bullish cryptocurrency among the top three assets. But a fractal brewing in the altcoin could make for an incredibly bearish outcome if history repeats. Here’s a closer look at the bearish cryptocurrency chart fractal potentially warning of a reversal, […]