This Bitcoin price fractal from 2018 could trap bulls, sink BTC price to $25K — analyst By Cointelegraph

© Reuters.

A recent price recovery in the (BTC) market risks getting erased due to an eerie fractal from 2018.

First spotted by CryptoBullet, an independent market analyst, the fractal shows Bitcoin recreating an inverse head-and-shoulders (IH&S) pattern that preceded its price decline toward $3,100 later in December 2018. As a result, anticipations that BTC’s price will undergo similar declines in 2022 might grow.

daily price chart featuring IH&S fractal from 2018. Source: TradingView
BTC/USD weekly price chart. Source: TradingView