This 2014 Bitcoin Fractal Could Predict the Upcoming Correction

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In Brief
  • The Bitcoin price is possibly following a fractal from January 2014

  • The current upward move has been stronger than that in 2014.

  • If the fractal is followed, Bitcoin has just begun a correction that could continue for several months.

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On May 7, the Bitcoin price reached a high of $10,067 and initiated a sharp decrease. The price movement around this decrease is very similar to that in January 2014. After reaching a low of $8,117 on May 10, the Bitcoin price began an upward move that is still ongoing. This upward move also fits with the January 2014 fractal, as noted by well-known crypto trader @CryptoCapo_. He tweeted
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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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