Fractal From Last Bull Run Says Bitcoin Will Hit $100K By May
Bitcoin price is back over $50,000 after bullish news broke this morning regarding Coinbase officially filing to go public. However, according to a fractal from the last bull market cycle kicking off in early 2017, that number could be merely the halfway point to where the cryptocurrency will trade in just two months from now. Here’s a look at the similarities between the two cycles, and the roadmap that takes the price per BTC to […]
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Bitcoin has mostly consolidated beneath its all-time high from October. Cryptocurrencies like Ethereum and Solana have gone on to touch new all-time highs following the October rally but the same cannot be said for bitcoin. BTC’s entrance into the new month has been unremarkable so far. The digital asset has mainly maintained its value above $61,000 despite wavering momentum. However, a flash crash on Wednesday put the digital asset at $60,000 for the first time since its October ATH. Related Reading | Bitcoin ETF Inflows Slow Down As Altcoins Interest Rebound The next big target for....
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 […]
Bitcoin bulls should prepare for its price to drop into the $35,000-40,000 area, per an apprehensively accurate fractal.
Bitcoin is in consolidation mode after one of its largest quarterly gains on record. All signs suggest that there’s still more upside left in this bull run, but according to a fractal found during the last major market cycle, a sudden sweep of lows is possible before bulls regain control. Here’s what to expect for […]
Today, we will take yet one more look at the long term, 8-day candle chart of BTC, per Kraken. We looked at a bull setup from the Jan 2015 over the weekend and saw indications that BTC will likely be in a bull market through the end of the year. Then yesterday we looked at a bear setup from the Nov 2013 high, and saw kind of a foggy picture. Not very bearish, and not very bullish. Significant overhead resistance at ~ $714. Gann spoke of ‘wheels within wheels’, an image that I believe referred to the fractal nature of the markets. Knowing that the markets are indeed fractal, let’s take....