Bitcoin 'heavy breakout' fractal suggests BTC price can hit $250-$350K in 2021
The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%. Bitcoin (BTC) has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests.First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin's secular bull runs every time after halvings when the miner block reward gets cut in half. Analysts perceive the halving as a bullish event, which reduced the supply of newly mined BTC. Harington reminded that Bitcoin's....
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Bitcoin is currently seeing a strong upswing that has led it past multiple heavy resistance levels This move comes just days after tech giant Square announced their plan to hold $50 million worth of Bitcoin as a reserve asset This is the second public company to turn towards BTC to protect their capital, with this bourgeoning trend sparking excitement amongst investors There is one fractal pattern that indicates further upside could be imminent in the […]
Dogecoin may not be finished with its multi-year compression phase if a new XRP fractal chart from analyst Charting Guy continues to track. The setup suggests DOGE’s next decisive run toward a prior-cycle high could arrive around mid-2028, with the chart mapping a prolonged base before any attempt at a breakout. Charting Guy shared the updated DOGE/XRP fractal on May 4, writing simply: “DOGE with XRP fractal update 👀.” The chart overlays an XRP-style historical price structure onto Dogecoin’s weekly Binance chart, showing DOGE trading near $0.107 while still contained inside a broad....
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 […]
The XRP price is showing signs of repeating a past price pattern that once led to a strong rally. According to crypto analyst Egrag Crypto, this setup suggests a move higher in the weeks ahead. To back the bullish case, the token is currently holding its ground above support areas. Traders across the market are now waiting to see if this pattern develops into another upward move. Analyst Spots Bullish Fractal Formation In XRP Price Chart Egrag Crypto has been studying the XRP price chart and points to what he calls a repeating fractal formation. In this case, the current price structure....
Bitcoin may not sustain its highs after pushing as high as $11,500 on Friday evening. One trader recently noted that a simple fractal analysis suggests the coin will undergo a retracement after hitting $11,400. The trader said that the cryptocurrency has some similarities to price action around two weeks ago. While the fractal may be valid in its own right, the discussion around the next fiscal stimulus bill in the U.S. is likely to drive […]