Bitcoin fractal setup from 2019 hints BTC price can rebound back to $50K
Cointelegraph
Published Jul 04, 2021 03:18AM ET
Updated Jul 04, 2021 01:40PM ET
Bitcoin (BTC) faces the prospects of reaching $47,500-$50,000 based on its current trend's eerie similarity with the one in June through December 2019.
In detail, Bitcoin topped out around $14,000 on June 26, 2019, before turning lower for the remainder of the year on profit-taking sentiment, and as well as FUD sparked by the Bitcoin Cash hardfork, Facebook (NASDAQ:FB)'s stand-off with regulators over its crypto project Libra, and then U.S. President Donald Trump and Treasury Secretary Steven Mnuchin's threatening tone on Bitcoin.
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Written By: Cointelegraph
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