BITCOIN Would you buy this fractal?

Bitcoin is currently consolidating, marginally breaking the $10000 barrier, but yet haven't made a daily close below it. This idea will surely give a confidence boost to buyers even though we shouldn't rely on it as the fundamentals at the time were different with surprise news break-out, and I will explain myself straight away on that.

The fractal from October 2019 was a rough Head and Shoulders until it broke lower to the low $7000s region where the price consolidated. Suddenly a hyper aggressive rally followed of +40% within a day that broke the $10000 barrier. That was due to China's President Xi's comments on the future of Blockchain technologies. Very bullish news that naturally took the market by storm and tons of enthusiasm.

Currently BTC has broken down after a similar Head and Shoulders pattern and the price is currently consolidating. Is this accumulation for a bullish break-out or a daily close below $10000 will accelerate the selling? Does Bitcoin need again an outside catalyst to save the day? Note that this is of course correlated to the stock market, which has also seen a sharp pull-back late last week.

So would you buy based on this fractal or not? Feel free to share your work and let me know in the comments section!

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