For those of you wanting to sell some BTC, you better check out the current chart and compare it to the one back at $14k.
Yep, I'm talking fractals.
Fractals are chart setups that tend to repeat and play out in similar fashion over time.
We had a similar setup the current setup several months back when bitcoin was trading around $14k before it shot up to about $16k, before ultimately going to $18k.
The chart on the right is the pattern that took us from $14k to $16k, and then ultimately to about $18k.
The chart on the left is pretty much that same exact pattern.
If it plays out in similar fashion we are going to see $60k in a matter of days.
$60k may sound like a big number, but it's only $8k from where we are right now, which is about 15% higher than where we are right now.
I normally don't put a ton of stock in fractals, but I do think we are going to hit $60k in short order even without that fractal, so seeing this adds support to my prior beliefs.
With all the good news lately and the lack of motivated sellers I can't see how the price doesn't just keep climbing.
And who knows, maybe it just does this:
Maybe it just goes straight over $70k without much pause at all, though I am betting more on that fractal playing out in similar fashion.
I do love that vertical chart pattern though, we need to get HIVE to do one of those!
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