Eerie Nasdaq Fractal Predicts Bitcoin Is About to See Its Next Leg Higher


Bitcoin has stagnated after topping out in August at $12,500. The leading cryptocurrency currently trades in the middle of the medium-term range at $11,400. While some think that this price action is clearly the coin nearing a top, an analyst thinks that the cryptocurrency is primed to erupt higher. This analyst cited a fractal of the Nasdaq in the 2008 bear market. This analyst is one that has shared accurate fractals in the past, predicting Bitcoin’s reversal to $10,000 after the March crash. Bitcoin Likely to Continue Ascent According to a fractal analysis that compared the Nasdaq from the early-2000s to the mid-2010s to Bitcoin, the cryptocurrency is primed to continue its ascent in the weeks ahead. As can be seen in the fractal comparison below, the cryptocurrency has looked almost identical to the Nasdaq after the 2008 Great Recession. Should Bitcoin continue to follow the path that the Nasdaq…

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