Scary Inverse Fractal Predicts a Bitcoin Correction Is Imminent


Bitcoin has embarked on a spectacular rally over the past few months. After bottoming in the $3,000s in the March, the asset surged as high as $12,500. Bitcoin currently trades for $10,700, still far above where it was in the March crash. A fractal predicts that the asset may soon undergo a strong bearish reversal. This comes in spite of on-chain trends that suggest the proverbial Bitcoin ball is in the court of bulls. Bitcoin Fractal Predicts a Strong Correction In the Near Future Bitcoin could soon see a strong reversal, predicts an eerie inverse fractal pattern observed by a crypto-asset trader. The trader recently shared the chart below, which shows that Bitcoin’s inverse price action since the February highs looks similar to the macro price action from the 2017 bubble. This fractal comparison suggests that the cryptocurrency will soon drop towards the $6,000-7,000s as bears take over once again.…

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