BTCUSDT Long: 2022 Fractal in Play – Will BTC Break Higher?

Apr 9

Hello traders! Here’s my technical outlook based on the current BTCUSDT (1D) chart structure, with a comparison to the 2022 cycle. BTC previously traded inside an ascending channel, forming higher lows and showing bullish continuation. The structure very similar to the 2022 cycle. In both cases, the breakdown was followed by sideways accumulation before the next move.

Currently, price is trading inside a range between the 67,700 demand zone and the 71,700 supply zone. The market is testing the upper boundary of the range, showing signs of potential breakout or rejection, similar to the “we are here” moment marked in the 2022 structure.

As long as BTCUSDT remains within the range and actively tests the 71,700 resistance level, the market may repeat the 2022 scenario, leading to another break of resistance and continued upward movement, forming higher highs and lows. Manage your risks!

Apr 10

Trade active

The resistance we identified continues to be actively tested. If buyers manage to break through it, we can quite expect the 2022 scenario!

Apr 16

Trade closed: target reached

As we can see, there was a breakthrough at the points that we compared with 2022. So it is quite possible that the scenario will continue!