While the price of Bitcoin makes sharp maneuvers of $1000-1500 in a matter of minutes, knocking out the feet of two trading parties and trying to confuse everyone, we found an interesting fractal:
This fractal was taken from the Bitcoin chart of 2015-2016, when Bitcoin was worth around $200. Of course, trading volumes and noise around the cryptocurrency market were much lower back then. However, as practice shows, history repeats itself with certain periodicity.
Bitcoin forecast – history may repeat itself for the third time
It is an interesting fact that the growth of the price of Bitcoin in 2020 began in March with a similar pattern. At first, the growth trend looked rather weak and hinted at a drop every minute:
However, as a result, we saw a new wave of Bitcoin growth with a renewal of the all-time high.
We remind you that during this period the situation in the world and the news background were also not the best. In short, you should not dismiss this scenario from your head! The $25,000 mark should be closely watched. If buyers are able to break through this mark and then hold it on the retest, the performance of this Bitcoin forecast will increase as much as possible.
In November 2022, we will check whether our Bitcoin forecast and goal of 88,000 will be realized!