Bitcoin crashing to 11k next month?
What if Bitcoin´s fractal from Summer of 2018 is playing out?
Bitcoin price action on this *bottom* is looking identical from the past 2018 summer-fall trading period before crashing to its 3.2k level, if this fractal plays out, it would lead to a weakening in price the rest of October to finally capitulate to reach the real bottom around 11k, this could leading to the next bull run after a consolidation on those levels.
Of course this is just a speculation but a possible scenario for Bitcoin if 20k is not rejected again this month.
Bitcoin price action on this *bottom* is looking identical from the past 2018 summer-fall trading period before crashing to its 3.2k level, if this fractal plays out, it would lead to a weakening in price the rest of October to finally capitulate to reach the real bottom around 11k, this could leading to the next bull run after a consolidation on those levels.
Of course this is just a speculation but a possible scenario for Bitcoin if 20k is not rejected again this month.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.