[View] shows that the fractal Bitcoin price will exceed $ 10,000

Bitcoin has been experiencing a lot of volatility, which makes traders and traders worried. However, according to market experts, it's just a matter of time before Bitcoin again.

In addition, Bitcoin is the only worldwide attention, awareness and adoption of encryption currency. It has been accepted by the organization and payment gateways around the world. Even new milestone is also being realized, such as Bitcoin hash rate reached a record high of 6.2 billion megabits per second.

Currently, Bitcoin (BTC) is trading at $ 7,552.5406, today BTC prices rose 0.62%. Bitcoin market capitalization of $ 137,035,373,505, currently in circulation 18,144,275 BTC. 24 hours price chart showed that the trading volume of $ 20,137,409,470 of BTC. Prices reached a peak of $ 7,559.3100 in the past 24 hours, while the lowest price was $ 7,330.3200.

During the holidays, Bitcoin (BTC) remained at a low of $ 7,000, find themselves caught between the huge macroeconomic support and a high of $ 6,000 in the mid $ 700 related resistance, encryption currency has been rejected multiple currencies. Times.

Still, many analysts remain bullish on the asset. One analyst recently drew attention to a fractal, it is recommended to follow if BTC, February encryption currency prices may exceed $ 10,000.
Fractal indicate that Bitcoin is ready to soar

Equity analyst Bill Charleson (Bill Charison) recently pointed out, gold and Bitcoin charts are very similar. He pointed out that the two-day and day of the BTC chart XAU (gold) chart is actually identical to each other, sharing three different prices.

Currently, bit credits are lagging behind gold chart, gold decreased from the wedge depicted yellow rose significantly, but not yet determined BTC, often stay in the middle of the call graph pattern.

Charlie Sen (Charison) pointed out that if BTC follow the trend of gold, to February, the trading price of the currency encryption could exceed $ 10,000 - at least 33% higher than the current price of 25% - and may be close to the overall award in May 2020 soar even higher when reduced.

Not only bullish signal

Analysts fractal relatively short period of just this promising bit credits.

Encryption currency dealers CryptoHamster recently pointed out, Bitcoin balance volume reading (a kind of "using the volume flow index to predict price changes") is a clear decline in print wedge pattern, the chart pattern is characterized by falling prices (or in this the case, reading) and tightening range.

In this case, the decline seems to be bullish wedge associated with Bitcoin balance of trading volume picked up readings, which means that the upside is about to continue.

Needless to say, another analyst, which is written by the Velvet, he published an analysis that he believed Bitcoin is currently in the middle of Wyckoff textbooks reflect the accumulation mode: strong decline, recovery and due to the resistance and by limit false break down the first set failed to break the resistance of the bottom is lower than the new attempt, followed by a final adjustments before the finished lower level to drop.

As Velvet implies, at present, Bitcoin is in the final stage of the phase-out model, recent price drop to $ 6,800. If this textbook technical analysis mode to fully play a role as well-known research technician Richard Wyckoff (Richard Wyckoff), then to the end of a BTC may exceed $ 9,000, or even exceeded $ 10,000.