BTC USDT seems to be very similar to its bullish structure for 2023-2024 and is currently forming an amplifier pattern - a crucial stage before the explosive rebound earlier this year.
Looking back, the upward trend of 2023/2024 began with a 1D death cross marking the bottom, which then triggered a significant surge - the first round of bullish momentum. Subsequently, an upward channel formed on the 1D golden cross, laying the foundation for the second round of bullish momentum. This phase ultimately formed the amplifier pattern, just as we see now.
At the beginning of 2024, once Bitcoin breaks through this amplifier, it will open the curtain on the final bullish phase. This trend slightly exceeds the bottom 1.786 Fibonacci extension level - a key technical level that currently aligns with the target of $150,000.
Interestingly, the one-dimensional RSI pattern between the two time frames (then and now) also shows a consistent trend, which adds more weight to the fractal analysis.
If history repeats itself, the current 'amplifier' breakout may trigger a strong rebound again, potentially pushing BTC up to the $150,000 level.
This makes the pattern a key indicator to watch for the next major trend. Do you think Bitcoin will follow the same path again? Please share your thoughts in the comments below!
