Stock Groups

This Bitcoin price fractal from 2018 could trap bulls, sink BTC price to $25K — analyst -Breaking

[ad_1]

© Reuters.

The recent price recovery has been in theBTCA cryptic fractal in 2018 could cause market risk to be erased

First spotted by CryptoBullet, an independent market analyst, the fractal shows Bitcoin recreating an inverse head-and-shoulders (IH&S) pattern that preceded its price decline toward $3,100Later in December 2018. The anticipation that BTC prices will decline in 2022 could increase.

daily price chart featuring IH&S fractal from 2018. TradingView
BTC/USD price chart weekly. Source: TradingView