Bitcoin (BTC) To Break Past $10,200 in 24 Hours, Fractal Suggests

Bitcoin (BTC) To Break Past $10,200 in 24 Hours, Fractal Suggests
фото показано с : ethereumworldnews.com

2019-6-22 00:33

Crypto Surges, Market Cap Passes $300B

Just weeks ago, certain analysts were calling that Bitcoin (BTC) was topping. These crypto investors used terms like “strong correction” and “bearish retracement” to describe what they expected to come to fruition.

While they were partially right, in that BTC fell to $7,450 from $9,100 in a week’s time, what followed was shocking, catching traders with their pants down. Since hitting $7,450 just a week or two back, Bitcoin has exploded higher, with bulls clearly showing they are in control.

In fact, as of the time of writing this, the leading cryptocurrency has hit $9,900 — implying a seven-day performance of 20%. Altcoins have followed suit, pushing the aggregate market capitalization of cryptocurrency past $300 billion for the first time in a year. This rally may just be beginning though.

Fractal Suggests Bitcoin to Soon Break Past $10,000

We at Ethereum World News have been tracking one fractal, spotted by Crypto Kaleo, for weeks now. (For those unaware, a fractal in financial markets is a historical bout of price/technical action playing out on a different date, different time frames, and at different prices.)

Per previous reports from this outlet, the fractal, which is a snapshot of the price action seen in early-May, was so accurate that it predicted the move from $8,000 to $8,900, which was a move that caught many regular traders off guard. What’s even more convincing is that just as Kaleo expected, a correction from $8,900 to $8,000 was seen.

In his latest update, Kaleo posted the image below, which shows how this fractal has stood the test of time. It suggests that BTC will fall to $9,600 as buying momentum temporarily peters out, then skyrocket past $10,200 in the coming 24 hours.

It is important to note that if Kaleo’s entire fractal plays out, meaning that all of early-May’s movements will have to be seen again, yet on a bigger time horizon, we should be taken “straight to $20,000”, as concisely put by the analyst.

Indeed, the entire fractal, which has held in a clear parabolic pattern, shows that Bitcoin could hit $20,000 by July, and then be susceptible to a relatively large 20%+ drawdown. This may sound absurd, especially considering that BTC breaching $20,000 in the coming sixty days would shock investors en-masse, but the fractal has been almost entirely accurate so far.

Photo by Tyler Reynolds on Unsplash

The post Bitcoin (BTC) To Break Past $10,200 in 24 Hours, Fractal Suggests appeared first on Ethereum World News.

origin »

Bitcoin (BTC) на Currencies.ru

$ 81171.34 (+2.29%)
Объем 24H $60.524b
Изменеия 24h: 0.27 %, 7d: -1.69 %
Cегодня L: $76901.4 - H: $81874.59
Капитализация $1610.067b Rank 1
Цена в час новости $ 9934.67 (717.05%)

bitcoin btc hours suggests crypto fractal break

bitcoin btc → Результатов: 126


Фото:

El Salvador Buys The Dip Scooping Up 5 BTC — Despite IMF Pressure To Back Off Bitcoin

El Salvador bought a further 5 BTC for its national reserve, worth roughly $415,000, as the top crypto nosedived to sub-$83,000 on Monday, reversing Sunday’s price rally to $95,000. Continuing A Bitcoin Purchase Streak According to the El Salvador National Bitcoin Office, the Central American nation purchased 5 BTC, which is four more than its […]

2025-3-5 21:15


Bitcoin Market Dominance Faces a Challenge as This AI Altcoin is Set for 22,000% Gains

Many were left stunned after seeing Bitcoin (BTC) achieve milestone upon milestone but witnessing altcoins like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) fail to pump by a meaningful amount. Now, after three straight months of Bitcoin (BTC) dominance, it seems the altcoin market is ready to push back with a major inflow of investments [...]

2025-2-12 02:00


MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.

2025-1-7 06:00


Фото:

El Salvador now holds 6,000 BTC: can Bitcoin success story sustain?

El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]

2024-12-30 09:51