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2019 Fractal Bitcoin Setup Suggests BTC Price May Rebound To $ 50K By Cointelegraph

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2019 Fractal Bitcoin Setup Suggests BTC Price May Rebound To $ 50K By Cointelegraph
2019 Fractal Bitcoin Setup Suggests BTC Price May Rebound To $ 50K

(BTC) is facing the possibility of reaching $ 47,500- $ 50,000 based on the eerie similarity of its current trend to that of June to December 2019.

In detail, bitcoin exceeded about $ 14,000 on June 26, 2019, before dipping for the remainder of the year due to profit-taking sentiment, and hardfork-triggered FUD, Facebook’s (NASDAQ 🙂 showdown with regulators over its Libra crypto project, and the then President of the United States, Donald Trump, and the Secretary of the Treasury, Steven Mnuchin, threatening tone on Bitcoin.

Bitcoin price action 2019. Source: TradingView.com
Bitcoin price action from April to June. Source: TradingView.com
Bitcoin 2019 and 2021 fractal. Source: TradingShot.com