Bitcoin's price action is strikingly similar to Gold's
Bitcoin is following the same price path from the 2021 cycle peak to present to Gold's price action from the 2011 cycle peak to present. When you factor in that Bitcoin trades 24 hours/day and 7 days/week it makes sense that the timelines would be compressed. I'll be following this fractal to help guide me on possible short term Bitcoin price action. I believe there's a case that Bitcoin will revisit the 42K area in the short term, but have a strong reaction off those lows to reclaim the 50k range.
Note
It appears we never swept previous lows and Bitcoin is gunning for a ATHs with the recent Fed decision to cut interest rates by 50bps. It's possible this could push us to retest the ATH range and reject again, which would be the fake out to buy. I could see that type of price action being demoralizing for bulls, which would give us enough fuel to go on a parabolic uptrend. 
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