CryptoPatel

Bitcoin Crash Alert: Ready for $22k as per Past Fractal Analysis

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Potential Bitcoin Price Movement Based on Previous Cycles

Greetings crypto community! I wanted to share an interesting observation about potential bitcoin price movement based on fractals from past market cycles.

- In 2019, BTC was 42% below its previous all-time high (ATH). Currently, in 2024, it is 41% below the 2021 ATH.

- In 2019, BTC dumped 73% from the 0.786 Fibonacci retracement level. It is currently trading at the 0.786 level.

- In 2020, BTC was 73% down 322 days before the 3rd halving. Currently, it is 100% up 322 days before the upcoming 4th halving.

- There are similar price "boxes" between 2019 and 2024 - 13K - 14K back then versus $50k- 52K now, and $4k-$5k versus 21K -$23k.

If these fractals play out similarly, we could potentially see BTC in the $22k- 25K range soon.

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