Orriginal

Bitcoin and its 2013 Fratal run - UPDATE- 1 Million USDT BTC ?

CRYPTO:BTCUSD   Bitcoin

This Bitcoin monthly chart shows us the Price Action ( PA ) since 2013 and a projection to Dec 2025. I posted this a number of Times since March 2023, showing the updates.

I have super imposed the PA from the ATH of 2013 to the ATH in 2017.
I anchored the 2013 ATH point to the ATH of Nov 2021 and, as you can see, Since that point, PA has followed that Fractal remarkably well, even to the point of the recent New ATH for BTC, that was said would happen last time I posted this chart.
So, Where now ?
There is one MAJOR difference between now and this Fractal and that is that the MACD is now OVERBOUGHT at this point in that Fractal ( June 2016)
As we can also see, the RSI ( Blue line) is now in approx the same place on both occasions.

But Given the overbought MACD, I think it is possible that we will now see the same 2 months of RED candles, small ones but certainly not Gainers.
This also follows with the expected pattern of post Halving, where in the past we have seen either a pull back or Range.....
The ETF inflows / outflows are now a dynamic we have not seen before and so there is a certain degree of uncertainty to what may happen now.
But a sharp and large pull back is unlikely.
SO, if we continue to follow this Fractal, we will see a Dip till Jun. From there a slow Range with maybe a total of 155% gain from that Low, that will include another new ATH in Early 2025.
And from that point, Off we go and if we continue to follow that Fractal, we reach a new ATH of 1 Milllion USDT by Oct - Dec 2025
This Is NOT Guarenteed in any way - it all depends on following this Fractal.......
But HANG ON, HODL and together, we CAN make this happen

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