Bitcoin ‘Big Breakout’ Fractal Suggests BTC Price May Hit $ 250,000 – $ 350,000 By 2021
() has the potential to push its prices to between $ 250,000 and $ 350,000 by the end of 2021, a long-standing fractal suggests.
First discovered by pseudonymous analyst Bit Harington, the bullish setup was inspired by Bitcoin’s secular bull trends each time after the halving when the mining block reward is cut in half. Analysts perceive the halving as a bullish event, reducing the supply of freshly mined BTC.
Harington recalled that Bitcoin prices increased by more than 600% after the first two halving events in 2012 and 2016 when they were measured from a line called resistance / support (R / S), as shown in chart a continuation.
Read the full article on Cointelegraph
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