After three months of consolidating, Bitcoin price broke down from the triangle formation it had been trading in. The fall took Bitcoin from over $10,000 to under $8,000 in less than 48 hours.
According to one crypto analyst, price action is mimicking the behavior and movements that took place within the triangle formation Bitcoin broke down from, and if the fractal completes, a drop to $7,000 is very close.
Bitcoin Price Fractal Suggest Fall to $7,000 Is Coming Soon
Fractals are repeating patterns found in everything from nature to the price charts of financial assets. These repeating patterns can tip off crypto analyst and traders through technical analysis, and warn them of coming price movements.
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