Top Analyst Sees Troubling Similarities in Bitcoin – The 2021 Bull Trap Fractal Back in Play

Leading crypto analyst Rekt Capital has highlighted an alarming technical pattern emerging in the Bitcoin charts. In a recent Twitter thread, he warns that Bitcoin may be tracing out a bearish fractal structure eerily similar to the one that preceded its crash from the 2021 bull market top.

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This fractal pattern suggests Bitcoin could dump to $12,000

Bitcoin recently touched a high of $13,800, which is likely the peak of an...

The post This fractal pattern suggests Bitcoin could dump to $12,000 appeared first on Coin Journal.

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This Historically Accurate Fractal Suggests Bitcoin Will Soon Hit $15,500

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 […]

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This Fractal Predicts Bitcoin Will Return to $11,000 Very Soon

Bitcoin is primed to return to $11,000 in the near future as the cryptocurrency market consolidates. Analysts believe this is the case due to macro factors, along with technical factors. For one, Bitcoin is trading in a fractal of a retracement from September 2018.

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A $14K Bitcoin Looks Inevitable As Per This Fractal

The Fractal Inside the Bitcoin Wedge But before Bitcoin heads to $14K, the cryptocurrency risks taking some detours to the downside. It is because the cryptocurrency is standing atop a support level near $11,000.

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Triple Repeat Fractal on Bitcoin Chart Hints Dip towards $10K

A triple repeat fractal warning on Bitcoin (Symbol: BTCUSD) hourly chart is pointing to a major price dip towards $10,000. First spotted by an analyst at 100eyes, an automated crypto trading scanner, the fractal shows Bitcoin in a deja-vu downtrend.

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Eerie Bitcoin Fractal Suggests Bottom in at $6.6k, Surge to $8k Likely

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

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Bitcoin (BTC) Will Correct to $8,000 Should Eerie Fractal Play Out In Full

Bitcoin May Correct to $8,000 Last week, analyst Crypto Kaleo drew attention to an eerie Bitcoin (BTC) fractal. As seen below, the cryptocurrency was following the price action of early-May, but on a different time.

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Inverse Chart Demonstrates Bitcoin Price Following Bear Bottom To Bull Market Fractal

The leading cryptocurrency by market cap has only been around for just over a decade. Due to this, there isn’t much history in Bitcoin price charts to attempt to discover historical repeating patterns that can be used to help determine future movements.

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Analyst: Bitcoin (BTC) Likely to Drop Towards 4,600 Before Surging to 6,800

Bitcoin has been able to continue its slow upwards ascent and is now tepidly advancing towards $5,400, which has historically proven to be a strong level of resistance that BTC has failed to break decisively above since it first began surging earlier this month.

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Inverse Bitcoin Price Chart Fractal Could Hint Where Crypto Market Moves Next

While crypto investors often argue over the merit of technical analysis, there’s no denying that Bitcoin price charts and that of other most popular crypto assets – or any asset type for that matter – show repeating chart patterns that may indicate where a market may move next.

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Bitcoin Could Collapse To $800 If Late-2018’s Plunge Is Mirrored, Warns Crypto Analyst

Another day, another foreboding piece of analysis. A leading analyst claims that as Bitcoin (BTC) has yet to break out of its current range, there’s a growing potential that the cryptocurrency could fractal, and undergo a drop that looks much like that seen in November of yesteryear.

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Crypto Bull Claims Bitcoin (BTC) May Fall To $2,500 Before Rally

Fractal Analysis Shows Bitcoin (BTC) At $2,500 Isn’t Impossible Clem Chambers, the founder of ADVFN and an active Forbes contributor, recently took to his column to talk about Bitcoin (BTC), and his expectations for the asset in upcoming marks.

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Fractal Pattern Analysis Indicates Bitcoin Could Fall to $2,500 Before Recovery

Chart and pattern analysis has been widely used to try to predict when Bitcoin and crypto markets will hit the bottom. A huge range of technical indicators combined with historical snapshots are put to work in order to tell us when the optimum time to get back in is.

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Bitcoin (BTC) Fractal Analysis Shows Bots Still Dominate The Market

Bitcoin (BTC) has fallen sharply in the last 24 hours on news of the SEC delaying its decision regarding the VanEck/SolidX Bitcoin ETF till September. The 4H chart above for BTC/USD shows that while the news served as a catalyst for yesterday’s price action, Bitcoin (BTC) would have eventually followed the same pattern as major trading activity is still dominated by bots.

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FCA Chooses Blockchain Companies for Fourth Cohort of Regulatory Sandbox

The Financial Conduct Authority (FCA), responsible for conduct and relevant prudential regulation of financial services firms and financial markets in the U. K. , has announced the details of the firms selected to be part of cohort 4 of its regulatory sandbox, according to an FCA post.

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