**fractal pattern**. A fractal in trading refers to a recurring pattern that appears similar across different time frames. In this case, the chart shows two **symmetrical triangles**—one from 2018-2020 and another from 2022-2024—indicating a similar price action happening at different stages of Bitcoin's market cycles.
### Key Fractal Aspects in the Chart:
1. **Fractal Symmetry in Price Action**: - In both instances, you see the price consolidating within a **symmetrical triangle** pattern before breaking out. - The first breakout from 2019 to 2020 led to a massive bull run, with Bitcoin surging from around $10,000 to its all-time high near $65,000. The current setup shows a similar fractal pattern, implying the potential for another significant breakout.
2. **Fractal Projection**: - The dotted curved line suggests a potential repeat of the previous cycle's price action. If this fractal plays out, Bitcoin could see a similar upward momentum, taking it to a speculative price target above $130,000 by around 2025-2026.
3. **RSI Fractal**: - The **RSI** behavior also seems to mirror the past. In the 2019-2020 cycle, RSI showed consolidation followed by a sharp rise as Bitcoin's price surged. The current RSI suggests that Bitcoin may be in a similar accumulation phase before another breakout. The RSI has moved down from the overbought levels during the 2021 peak, similar to what happened before the 2020 bull run.
### Implications of the Fractal:
- If this fractal pattern repeats, Bitcoin could be at the start of another **bull cycle**, just as it was after the 2019 consolidation. The breakout from the current triangle would likely initiate a large price surge, potentially mirroring or even exceeding the 2020-2021 bull run. - The **support zone** around $35,000-$45,000 marked on the chart aligns with this fractal as a potential base from which Bitcoin could launch its next move.
In conclusion, the fractal suggests that Bitcoin might be following a similar path as it did in the last major market cycle, which could lead to another explosive rally if the pattern holds.