Last week I made an analysis on BTC where I compared the current state of the market with two historical patterns. The pattern that I'm talking about is a bullish channel after a big pump that results in another big pump.
Seeing how the market historically behaved, I made the assumption that BTC would follow this fractal and break out of the channel in the near future.
One week later, and BTC has successfully broken out of the channel, as predicted by this fractal analysis.
As described in my analysis below, I'm currently looking at 48k as the next target. Seeing how these fractals historically behaved, 48k should be fairly easily reached?
Share your thoughts in the comments. Are we going straight up, or do you expect a correction?
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