RATE Group | Why Bitcoin Price Could Surge 18% By the End Of the Week
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Why Bitcoin Price Could Surge 18% By the End Of the Week

25 Dec Why Bitcoin Price Could Surge 18% By the End Of the Week

Posted at 01:08h in Bitcoin News by

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Bitcoin’s precipitous drop to $6,600 seen last month caught many traders aback; nearly no one, not even the top traders and analysts, expected for that price action to play out as it did in real life. Few predicted the subsequent bounce to $7,800, where BTC sits as of the time of writing this, too.

Related Reading: High Likelihood Bitcoin Bottom Came In at $6,400; Here’s Why

Though, one trader has been calling the moves all along, using a lesser-known and slightly unorthodox method of analysis to predict the directionality of the Bitcoin and cryptocurrency market.

The trader, NebraskanGooner. The method, fractal analysis.

Bitcoin Ready to Jump 18%, Fractal Says

Over the past few months, a popular trader on Twitter, NebraskanGooner, has been touting what is known as a “fractal” via his social media pages. For those who missed the memo, a fractal in financial contexts is when the “historical price pattern or direction of an asset is reflected/seen again on a different time frame…

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