Updated bitcoin fractal pattern
I have updated the previous bitcoin fractal pattern to match up more precisely with the current price action. The fractal still looks to be in play and is actually almost identical to what occurred in March 2020 during the liquidity crisis. I know a lot of people are still calling for a sub $30,000 bitcoin but I really don't think that is in the cards, granted anything is possible. If we do however make a lower low I would consider this fractal to be invalidated.
I'm expecting an increase in price within the next day or two and possibly hitting a price target of around $46,000-$48,000 followed by a bit of sideways price movement ranging from $42,000-$46,000.
I'm expecting an increase in price within the next day or two and possibly hitting a price target of around $46,000-$48,000 followed by a bit of sideways price movement ranging from $42,000-$46,000.
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