An Eerie Fractal Predicts a Huge Altcoin Surge—But Bitcoin Could Stop It


The past week has seen Bitcoin and Ethereum explode higher while a majority of altcoins have plunged. On Monday alone, on the day BTC surged by approximately 10% in 24 hours, Bitcoin dominance jumped by 2%. With altcoins undergoing this retracement after a strong rally, analysts have been wondering what comes next for this subset of the cryptocurrency market. A fractal analysis by a trader predicts that what comes next is a rally. Bitcoin undergoing periods of further volatility, though, could send altcoins even lower than they are now. Fractal Predicts An Explosive Altcoin Breakout… Soon A fractal in technical analysis terms is when the price action of an asset repeats over different time frames and/or for different assets. As Investopedia explains: “Although prices may appear to be random, they actually create repeating patterns and trends… Fractals refer to a recurring pattern that occurs amid larger more chaotic price movements.”…

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