Bitcoin price is taking its time consolidating around $50,000 but could be preparing for the next major leg up to around $77,000 per <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>coin, according to what one trader calls a “cheat sheet” to the current crypto market bull run.
The “cheat sheet” is a fractal from the past that is playing out once again in Bitcoin markets almost perfectly. If the fractal continues, here’s how far it could take the price per BTC before the peak is in.
Bitcoin Trader Cheat Sheet Hints At Next Leg Up To Around $77K Per BTC
Bitcoin is making another attempt at holding above $50,000 and is struggling so far. If and when the cryptocurrency does manage to reclaim the key phycological level, it could give bulls the confidence to push to another range higher.
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If and when it does, the next stop could be $77,000 per <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>coin, according to what one pseudonymous trader calls a “cheat sheet” for the crypto market over the last several months.
A chart shared by the trader shows just how accurately the recent bull market has traced alongside the price action in the fractal from previous cycles.
Bitcoin has been tracing along this fractal, albeit with less volatility | Source: BTCUSD on TradingView.com
When the current range is eventually left, a large spike to $77,000 is next, followed by a much steeper correction says the fractal. But what comes after that, if you can avoid being shaken out in the expected volatility, could be the most powerful bullish impulse ever.
Could This Fractal Hold The Code To Predicting The Next Crypto Market Peak?
Not every trader puts much