Bitcoin Price Warning: Old Cycle Fractals Could Be Misleading Traders
Photo: CaptainAltcoin
Bitcoin’s recovery from the $80,000 area has brought an old debate back into focus: how much can previous market cycles really tell us about the next correction? Analyst Killa, known as @KillaXBT, has challenged the use of historical chart patterns to predict where BTC must go next. His argument raises a question that goes beyond whether Bitcoin price rises or falls today. A familiar chart pattern can look convincing, but the conditions behind that pattern may be very different. Killa believes those differences deserve more weight before anyone treats an old correction as a reliable guide.
Source: CaptainAltcoin
