{"id":432974,"date":"2020-08-01T19:00:55","date_gmt":"2020-08-01T19:00:55","guid":{"rendered":"https:\/\/ktsl888.com\/?p=432974"},"modified":"2020-08-03T12:53:55","modified_gmt":"2020-08-03T12:53:55","slug":"bitcoin-peak-possible-fractal","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-peak-possible-fractal\/","title":{"rendered":"Dramatic $17,000 Bitcoin Peak Possible Within Weeks Based on Halving Fractal"},"content":{"rendered":"<p class=\"p1\">If a fractal plays out on <a href=\"https:\/\/ktsl888.com\/2020\/08\/01\/432966\/\">Bitcoin price<\/a> charts matching the previous halving post-consolidation breakout, the cryptocurrency could keep on climbing from here.<\/p>\n<p class=\"p1\">The target, if the rally takes a similar path, would put valuations of the top cryptocurrency at between $15,000 to $17,000 before peaking.<\/p>\n<h2>Bitcoin Breaks Out: What Happens Next Will Be Fast and Furious<\/h2>\n<p class=\"p1\"><a href=\"https:\/\/ktsl888.com\/2020\/08\/01\/432966\/\">Bitcoin price exploded early last week<\/a> on the heels of gold setting a new record and the government committing to another $1 trillion in stimulus spending.<\/p>\n<p class=\"p1\">Inflating money supply has prompted a flight to <a href=\"https:\/\/ktsl888.com\/2020\/08\/01\/silver-fractal-crypto-altcoins\/\">hard assets like precious metals and cryptocurrenc<\/a>y. Digital gold and its physical counterpart have both benefited from the recent weakness in the dollar.<\/p>\n<p class=\"p1\">Bitcoin earns its comparison to the precious metal due to several key similarities. For instance, gold has a finite supply and the cryptocurrency is digitally coded so only 21 million BTC will ever exist.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2020\/08\/01\/432966\/\">Bitcoin Just Broke Past $11,500\u2014and That\u2019s Huge For Bulls<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">This supply is slowly tricked out over the course of years. Every four years give or take, the amount of BTC that is released freely into the market is then slashed in half in an event called the halving.<\/p>\n<p class=\"p1\">Several supply based theories exist that attempt to give a future valuation to the asset based on scarcity. Those who follow this belief <a href=\"https:\/\/ktsl888.com\/2020\/07\/18\/lengthening-bitcoin-cycles-halving\/\">expect a repeat of past cycles<\/a> and the asset to grow in value how that the most recent event has passed.<\/p>\n<p class=\"p1\">But will things really play out the same way? <a href=\"https:\/\/twitter.com\/the_coinmaster\/status\/68519169\" target=\"_blank\" rel=\"nofollow\">One pseudonymous trader has discovered a potential fractal<\/a> playing out that points to a peak much higher above current levels. And it may happen a lot faster than anyone is prepared for.<\/p>\n<p><img data-recalc-dims=\"1\" height=\"860\" width=\"860\" decoding=\"async\" class=\"aligncenter size-large wp-image-432977\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/EeSSNdIWsA4WF8x.png?fit=860%2C860\" alt=\"bitcoin chart btcusd\" loading=\"lazy\"><\/p>\n<pre>BTCUSD 2016 Post-Halving Fractal | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n<h2>Post-Halving Fractal Targets Between $15,000 and $17,000 BTC in Less Than a Month<\/h2>\n<p>&nbsp;<\/p>\n<p>Analysts often look at <a href=\"https:\/\/ktsl888.com\/2020\/07\/18\/lengthening-bitcoin-cycles-halving\/\">past Bitcoin cycles<\/a> to gain perspective into future price action. One trader has done just that and come up with a compelling fractal from the last block reward halving. This took place in 2016 and sent Bitcoin off on its biggest bull run ever.<\/p>\n<p>The same could be happening again right now, according to technical analysis and fundamental data.<\/p>\n<p><img data-recalc-dims=\"1\" height=\"860\" width=\"860\" decoding=\"async\" class=\"aligncenter size-large wp-image-432976\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/EeSS11RXYAYtQn_.png?fit=860%2C860\" alt=\"bitcoin chart btcusd\" loading=\"lazy\"><\/p>\n<pre>BTCUSD 2020 Post-Halving Fractal | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/pre>\n<p>According to the fractal, this pump may only just be getting underway, with a proposed target of between $15,000 and $17,000 target. What&#8217;s really shocking, is the timing of the target.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2020\/08\/01\/silver-fractal-crypto-altcoins\/\">Silver Fractal: Are Crypto Altcoins On the Cusp of an Explosive Surge?<\/a><\/strong><\/em><\/p>\n<p>The fractal suggests a rapid and impulsive burst to this level within the next few weeks, and before August has come to a close.<\/p>\n<p><img data-recalc-dims=\"1\" height=\"860\" width=\"860\" decoding=\"async\" class=\"aligncenter size-large wp-image-432975\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/EeSTP2pXgAE7Vt0.png?fit=860%2C860\" alt=\"bitcoin chart btcusd\" loading=\"lazy\"><\/p>\n<pre>Bitcoin Supply Percent Active 2+ Years | Source: <a href=\"https:\/\/glassnode.com\/\" target=\"_blank\" rel=\"nofollow\">glassnode<\/a><\/pre>\n<p>Further fundamental data suggests that the cryptocurrency is at a similar point in its market cycle. If this is the case, and the asset&#8217;s valuations rising are driven by the halving effect and digital scarcity, things may take a similar path.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/2020\/08\/01\/silver-fractal-crypto-altcoins\/\">Fractals are a touchy subject amongst traders<\/a>, so take the targets with a grain of salt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If a fractal plays out on Bitcoin price charts matching the previous halving post-consolidation breakout, the cryptocurrency could keep on climbing from here. The target, if the rally takes a similar path, would put valuations of the top cryptocurrency at between $15,000 to $17,000 before peaking. Bitcoin Breaks Out: What Happens Next Will Be Fast and Furious Bitcoin price exploded early last week on the heels of gold setting a new record and the government committing to another $1 trillion in stimulus spending. Inflating money supply has prompted a flight to hard assets like precious metals and cryptocurrency. Digital gold and its physical counterpart have both benefited from the recent weakness in the dollar. Bitcoin earns its comparison to the precious metal due to several key similarities. For instance, gold has a finite supply and the cryptocurrency is digitally coded so only 21 million BTC will ever exist. Related Reading | Bitcoin Just Broke Past $11,500\u2014and That\u2019s Huge For Bulls This supply is slowly tricked out over the course of years. Every four years give or take, the amount of BTC that is released freely into the market is then slashed in half in an event called the halving. Several supply based theories exist that attempt to give a future valuation to the asset based on scarcity. Those who follow this belief expect a repeat of past cycles and the asset to grow in value how that the most recent event has passed. But will things really play out the same way? One pseudonymous trader has discovered a potential fractal playing out that points to a peak much higher above current levels. And it may happen a lot faster than anyone is prepared for. BTCUSD 2016 Post-Halving Fractal | Source: TradingView Post-Halving Fractal Targets Between $15,000 and $17,000 BTC in Less Than a Month &nbsp; Analysts often look at past Bitcoin cycles to gain perspective into future price action. One trader has done just that and come up with a compelling fractal from the last block reward halving. This took place in 2016 and sent Bitcoin off on its biggest bull run ever. The same could be happening again right now, according to technical analysis and fundamental data. BTCUSD 2020 Post-Halving Fractal | Source: TradingView According to the fractal, this pump may only just be getting underway, with a proposed target of between $15,000 and $17,000 target. What&#8217;s really shocking, is the timing of the target. Related Reading | Silver Fractal: Are Crypto Altcoins On the Cusp of an Explosive Surge? The fractal suggests a rapid and impulsive burst to this level within the next few weeks, and before August has come to a close. Bitcoin Supply Percent Active 2+ Years | Source: glassnode Further fundamental data suggests that the cryptocurrency is at a similar point in its market cycle. If this is the case, and the asset&#8217;s valuations rising are driven by the halving effect and digital scarcity, things may take a similar path. Fractals are a touchy subject amongst traders, so take the targets with a grain of salt.<\/p>\n","protected":false},"author":517,"featured_media":432978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,4],"tags":[428,1119,1144,78790,6664,21578,2209,4524,76835],"class_list":["post-432974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-analysis","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-fractal","tag-gold","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Dramatic $17,000 Bitcoin Peak Possible Within Weeks Based on Halving Fractal<\/title>\n<meta name=\"description\" content=\"If a fractal plays out on Bitcoin price charts matching the previous halving post-consolidation breakout, the cryptocurrency could keep on climbing from\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-peak-possible-fractal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dramatic $17,000 Bitcoin Peak Possible Within Weeks Based on Halving Fractal\" \/>\n<meta property=\"og:description\" content=\"If a fractal plays out on Bitcoin price charts matching the previous halving post-consolidation breakout, the cryptocurrency could keep on climbing from\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-peak-possible-fractal\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-01T19:00:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-03T12:53:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/08\/bitcoin-fractal-Depositphotos_19268023_xl-2015-scaled.jpg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. 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