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Bitcoin

Bitcoin vs Gold Fractals

By System_T
Updated
The Bitcoin weekly chart shows price action similar to the Gold monthly chart. This fractal suggests Bitcoin may undergo a long correction until the end of 2024. It may drop to USD 50K, bounce, and retest the all-time high again. If this happens, the crypto market will not be good this year. However, it may be good for long-term investors to re-accumulate.
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Bitcoin has been following the Gold price movement very well so far.
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Picture perfect! Bitcoin will resume its bull run from here. Target 240K in June 2025.
Fractal
System_T

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