Look Familiar ? This is the 2019-20 bull and bear Market fractal

15 בספט׳ 2023

as you can see it looks extremely similar, bitcoin is still a relatively young asset and most like to repeat themselves. According to Elliot wave if bitcoin decided to do a full 1.618 retrace of wave 4, we could see 6k levels. Do I think this is possible ? actually yes I do, but under extreme circumstances/black swan like Binance going under or some very scary news causing capitulation. In my other posts I think 9-12k is much more plausible. Nevertheless, something interesting to look at ! Keep you on your toes