*BITCOIN FRACTAL ALERT: HISTORY REPEATS ITSELF!*đš
*The October Effect Strikes Again: $100K in Sight?*â ïž
*Urgent Analysis: Bitcoin's Eerie Similarity to October 2023*
A startling pattern has emerged in the Bitcoin market, mirroring the events of October 2023. Our previous discussion on the "October effect" (August 28) hinted at this possibility.
*Key Observations:*
- 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) convergence
- identical price action to October 2023's first two weeks
- Marginal break above 1D MA200, followed by a pullback
- 1W MA50 holds as long-term Support
*Historical Context:*
In October 2023, $BTC :
- Tested and held 1D MA50 (October 01)
- Launched an aggressive Channel Up rally
- Peaked on March 14, 2024
*Projections:*
- $100K possible before end of 2024
- Long-term Support holds at 1W MA50
*Actionable Insights:*
1. Monitor 1D MA50 and 1D MA200 for continued convergence.
2. Watch for a potential breakout above 1D MA200.
3. Maintain a long-term perspective, focusing on 1W MA50 Support.
*Don't Miss This Opportunity!*
Stay vigilant, as Bitcoin's fractal alert suggests a significant rally may be imminent.
*Timeline:*
- October 2023: Fractal pattern emerged
- October 2024: Pattern repeats
- End of 2024: Potential $100K target
*Get Ready for Liftoff!*
