Despite the rapid recovery in previous weeks, the risk of sending Bitcoin to $ 25,000 is a terrible fractal risk. From 2018, the price of this bitcoin could hold the Fractal Bull, sinking the BTC price to $ 25,000 - Analyst Market Analysis
The recent price recovery in the Bitcoin (BTC) market is at risk of deleting due to a terrible fractal from 2018.
- Bitcoin price cycle match
CryptoBullet, first seen by an independent market analyst, Fractal shows that Bitcoin is creating a reverse head-and-shoulder (IH&S) pattern before falling to $ 3,100 after December 2018. As a result, the expectation that the price of BTC will go through a similar decline may increase in 2022.
This is mainly due to the similar price trend in the downward trend of prices in 2018 and 2021-2022. For example, Bitcoin hit two highs at around $ 10,000 in April and May 2018, before falling below $ 6,000 in July when creating the IH&S pattern.