Bitcoin Flashes ‘Dangerous’ Macro Fractal – What To Expect For Price
Bitcoin’s weekly chart is showing an uncomfortable comparison to one of the most brutal sell-offs in its history, and at least one analyst believes the worst may still be ahead. This technical outlook is looking at the current price action as a mirror of the 2022 macro fractal sequence that sent Bitcoin from $69,000 to a cycle low near $15,500, implying that the current cycle could see a similar drop. Related Reading: Bitcoin ETF Hype Hits Ceiling, Sharp Drop Risk Emerges: Analyst A 2022 Repeat? The Fractal That Raises Concerns Crypto analyst philarekt posted a warning on X this....
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Crypto analyst Crypflow has explained what the Bitcoin relief rally above $71,000 means for the leading crypto and hinted that BTC could still drop lower. This came as the analyst alluded to the previous bear markets and how recent rallies are mirroring price action in past cycles. Analyst Warns Relief Rallies Are Getting Weaker Amid Bitcoin’s Rally Above $71,000 In an X post, Crypflow stated that Bitcoin relief rallies are weakening and that every bear market has them. He noted that during the 2014 bear market, BTC saw relief rallies of up to 100% while in 2018, it saw rallies of between....
During the last bull market, in what is popularly known as the Solana meme coin season, a number of new cryptocurrencies made their way to the forefront. These digital assets had gone from market caps in the tens of millions to cross the billion-dollar market cap, sometimes in only a matter of months. Due to their rapid growth rate, these meme coins have quickly garnered a wide holder base. However, as the bear market has rolled around, these billion-dollar meme coins have crashed by a large margin, completely eliminating the majority of their gains. POPCAT Meme Coin Goes From $2 Billion....
Bitcoin is showing signs of replicating its trend from 2019 that crashed its prices by more than 50 percent.
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, […]