Luna43
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THE FRACTAL OF BITCOIN'S PRICE POINTS TO A BULL TRAP THAT COULD SEND IT BELOW $100,000
Watch out for Bitcoin (BTC), because it seems we are on a tightrope. With all this mess in the Middle East and people wanting to take fewer risks, its price could drop below $100,000.
Recently, BTC rose from $100,500 to $110,000, which reminds me a lot of January when it did something similar by rising from $91,700 to $102,700. This is what is called a fractal pattern: a trend that repeats itself if market conditions are similar.
If this pattern holds again, Bitcoin could take a significant hit and drop straight to $100,000, which is an important support level. Basically, what seems like a rise right now could be a "bull trap," a signal that a strong drop is coming. So, let's stay alert!
Watch out for Bitcoin (BTC), because it seems we are on a tightrope. With all this mess in the Middle East and people wanting to take fewer risks, its price could drop below $100,000.
Recently, BTC rose from $100,500 to $110,000, which reminds me a lot of January when it did something similar by rising from $91,700 to $102,700. This is what is called a fractal pattern: a trend that repeats itself if market conditions are similar.
If this pattern holds again, Bitcoin could take a significant hit and drop straight to $100,000, which is an important support level. Basically, what seems like a rise right now could be a "bull trap," a signal that a strong drop is coming. So, let's stay alert!
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