• About Us
  • Privacy Policy
  • Contact Us
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Cryptounfold
No Result
View All Result
Home Bitcoin

This Historically Accurate Fractal Suggests Bitcoin Will Soon Hit $15,500

by admin
October 10, 2020
in Bitcoin
0
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter


Related Posts

Paraguay Approves Crypto Regulation Bill Via 40-12 Vote

ESG Study: Methane-Fueled Bitcoin Mining Can Eliminate 5.32% Of Global Emissions

Bitcoin Supply In Profit Drops To 55%, Is The Bottom Here Yet?

Bitcoin Superfan Jack Dorsey Bids Adios To Twitter Board  


  • Bitcoin is currently seeing a strong upswing that has led it past multiple heavy resistance levels
  • This move comes just days after tech giant Square announced their plan to hold $50 million worth of Bitcoin as a reserve asset
  • This is the second public company to turn towards BTC to protect their capital, with this bourgeoning trend sparking excitement amongst investors
  • There is one fractal pattern that indicates further upside could be imminent in the near-term
  • BTC has been closely tracking this fractal throughout the past few months, if this trend continues, then it may soon rally as high as $15,500

Bitcoin and the entire cryptocurrency market had previously been caught within the throes of a prolonged consolidation phase.

This was driven by BTC remaining stuck between $10,200 and $11,200. The resistance towards the upper boundary of this range was shattered in a violent push higher seen yesterday afternoon.

The cryptocurrency now appears to be positioned to see significantly further gains in the days and weeks ahead.

One fractal pattern that has Bitcoin’s price has been closely tracking indicates that this recent upswing could mark the start of a larger trend that sends BTC up to highs of $15,500.

Bitcoin Rallies Past $11,400 as Bulls Take the Helm 

At the time of writing, Bitcoin is trading up just over 3% at its current price of $11,420.

Over the past month, it has been ranging between $10,200 and $11,200, with the resistance at the upper boundary of this range catalyzing multiple intense selloffs. Because bulls have decisively broken through this region, further upside could be right on the horizon.

The upcoming weekly candle close – taking place tomorrow at 0:00 GMT – will offer serious insight into the long-term significance of this movement.

This Fractal Suggest BTC May Soon Rally Towards $15,500

One analyst recently pointed to a fractal pattern he created that Bitcoin has been closely tracking throughout the past year.

He notes that this pattern now signals that it is entering a new uptrend that could lead it up towards $15,500 in the coming months.

“Bitcoin: My chart from February 2019 is still perfect down to the candle. Let’s see if it stays that way. Pump the corn.”

Image Courtesy of Kaleo. Chart via TradingView.

If the correlation between this fractal and Bitcoin’s price continues playing out, the next few months will be decisively bullish for the benchmark cryptocurrency.

Featured image from Unsplash.
Charts from TradingView.





Source link

Tags: AccurateBitcoinFractalHistoricallyHitsuggests

Popular

Press Release

Piggy Protocol provides financial freedom through its newly established crypto platform

by admin
May 23, 2022
0

Piggy Protocol provides financial freedom through its newly established crypto platform Piggy Protocol is a company focused on Defi innovation...

Read more

Hype: Discover how web3 is revolutionizing the digital world in 2022 and beyond

May 24, 2022

Allied Esports launches new NFT collection with promising roadmap

May 24, 2022

EBay Taps OneOf for Debut Sports-Themed NFT Drop

May 24, 2022

Bitcoin mantiene el soporte en $27K-30K, con resistencia en $35K

May 23, 2022

About

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Follow us

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Press Release
  • Regulation
  • Uncategorized

Recent Posts

  • RegTech Platform Sekuritance Launches $SKRT on ETH and MATIC Chains
  • Bogged Finance expand their DeFi tools offering to the Polygon Blockchain, beginning with BogSwap and BogCharts
  • The Days of OnlyFans Are Over
  • ChainColosseum Launches its Next Generation Play-to-Earn Blockchain Game
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 cryptounfold.org

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 cryptounfold.org

  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$49,095.002.28%
  • ethereumEthereum(ETH)$3,384.05-0.62%
  • HEXHEX(HEX)$0.1290085.45%
  • cardanoCardano(ADA)$2.18-2.77%
  • tetherTether(USDT)$1.00-0.27%
  • binancecoinBinance Coin(BNB)$425.46-0.83%
  • SolanaSolana(SOL)$166.52-1.81%
  • rippleXRP(XRP)$1.04-1.73%
  • usd-coinUSD Coin(USDC)$1.000.74%