Long

Possible Bitcoin Historical Fractal.

I noticed that long term data is suggesting we might be in a similar spot that we were in last super cycle in 2017. I highlighted 2017 fractal of when we finally broke the 350 short average then mean reverted back to the 20 Week MA average and that was when demand came in to push price to higher levels. 2017 fractal on the left. Current possible play out over the next 10 weeks on the right if history rhymes at all. I will be watching to see how price plays out but I am eyeing the 22,000-27,000 range specifically $24,651 ironically the 20 week MA should be around those price levels by the time prices reaches it. The 20 week MA was a key support all through last bitcoin super cylce touched it 5 times last cycle after the halving this would just be the second time if indeed decides drop to 20 week MA.

ziler

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