Bitcoin’s 2015 Fractal Has So Far Been Followed in Its Entirety

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In Brief
  • The price has increased above its 200-day moving average (MA).

  • The weekly RSI is oversold.

  • The price is possibly following a fractal from January 2015. If the fractal holds, the price could go as high as $9,000 before decreasing.

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Last week, the Bitcoin price decreased by more than 40% and dropped below its 200-week moving average (MA) as a result. However, the price has reversed this week, making up the majority of the previous losses. Bitcoin (BTC) Price Highlights Bitcoin and altcoin trader @davthewave tweeted a BTC chart that compares the current price decrease with that of January 2015. If the fractal
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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