BTC repeats the fractal from 2014-2017 with the proximity of the 200 day EMA and consolidation at the previous ATH. This is indicated by crypto trader and blogger Mustache (125.4 thousand subscribers in X):
“Whether it was 2017 or 2021, both results would be great for the crypto market, but when I look at BTC's steepness, it looks very similar to 2017.
- Close to 1D EMA 200
- Consolidation near the previous ATH
If you look closely, it doesn't look that bad."
Moustache is known for his consistently bullish sentiment (and looking at the#BTC2024 chart, it's hard to blame him for that). Comparing fractals in this situation is quite correct. Although prices and capitalization then and now are not comparable.
Even if the low of the last days on the#BTCchart is rewritten again before growth, this does not negate the similarity and likelihood of such a scenario happening.
