This Historically Accurate Bitcoin Fractal Now Calls for a Correction to $17,500
Bitcoin and the entire cryptocurrency market are seeing a relatively quiet day following some immense turbulence yesterday The selling pressure witnessed by altcoins was intense and caused many to see flash crashes of 20% or more All the while, Bitcoin’s price remains steady and stable above $23,000 – around where it is still trading at […]
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Bitcoin has exploded higher over the past few weeks amid mass institutional and retail buying pressure. There are some that are calling for a correction, though. A historically accurate analyst recently said that Bitcoin may soon be sent to “$15,500-16,000.” Another analyst agreed with this sentiment, noting that BTC is breaking below a parabolic uptrend. Bitcoin Could Be Preparing For a Correction, Analysts Say Bitcoin has exploded higher over the past few weeks amid mass […]
The bearish analogy borrows evidence from an eerily accurate fractal on the cusp of repeating for the third time since March 2020.
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 […]
Bitcoin bulls should prepare for its price to drop into the $35,000-40,000 area, per an apprehensively accurate fractal.
Bitcoin has undergone a strong rally over the past few weeks, pushing as high as $16,500. Analysts are starting to fear that a correction is due, though. One crypto-asset analyst recently shared a fractal showing that the cryptocurrency is trading in a remarkably similar way to how it did during the 2017 highs at $20,000. […]