Trisha_Saha
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BITCOIN Is this even a possibility?✨💫
$BTC
Bitcoin (BTCUSD) is currently on a short-term pull-back, following the impressive rally to new All Time Highs (ATH) from the April 07 bottom. This first 'serious' short-term relief correction has stopped on the former Lower Highs trend-line, which previous acted as a Resistance and is now holding the price from further downfall, acting potentially as Support.
This is the exact same price action that BTC had during its break-out from the previous Lower Highs trend-line last October. The symmetry between the two fractals is remarkable as not only did they both form their 1D Death Cross patterns on their bottoms and their 1D Golden Cross patterns on the Lower Highs break-out but also their Phase 1 rallies (1st Bullish Leg) have been exactly the same: +49.58%.
As a result, as long as the Pivot holds, there is a good chance we see a strong rebound, which if it holds the same total symmetry of the previous fractal, it should peak at +120%, which gives a $164000 Target.
Do you think that's even a possibility? Feel free to let us know in the comments section below!
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
Bitcoin (BTCUSD) is currently on a short-term pull-back, following the impressive rally to new All Time Highs (ATH) from the April 07 bottom. This first 'serious' short-term relief correction has stopped on the former Lower Highs trend-line, which previous acted as a Resistance and is now holding the price from further downfall, acting potentially as Support.
This is the exact same price action that BTC had during its break-out from the previous Lower Highs trend-line last October. The symmetry between the two fractals is remarkable as not only did they both form their 1D Death Cross patterns on their bottoms and their 1D Golden Cross patterns on the Lower Highs break-out but also their Phase 1 rallies (1st Bullish Leg) have been exactly the same: +49.58%.
As a result, as long as the Pivot holds, there is a good chance we see a strong rebound, which if it holds the same total symmetry of the previous fractal, it should peak at +120%, which gives a $164000 Target.
Do you think that's even a possibility? Feel free to let us know in the comments section below!
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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