TradingView
System_T
Apr 12, 2024 4:11 PM

Bitcoin vs Gold Fractals 

Bitcoin / U.S. dollarBitstamp

Description

The Bitcoin weekly chart shows price action similar to the Gold monthly chart. This fractal suggests Bitcoin may undergo a long correction until the end of 2024. It may drop to USD 50K, bounce, and retest the all-time high again. If this happens, the crypto market will not be good this year. However, it may be good for long-term investors to re-accumulate.
More