A recent price recovery in the Bitcoin (BTC) market risks getting erased due to an eerie fractal from 2018.
Bitcoin price cycle similarities
First spotted by CryptoBullet, an independent market analyst, the fractal shows Bitcoin recreating an inverse head-and-shoulders (IH&S) pattern that preceded its price decline toward $3,100 later in December 2018. As a result, anticipations that BTC’s price will undergo similar declines in 2022 might grow.
That is primarily because of the strikingly…
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