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This 2016 Bear Market Fractal Shows Bitcoin Could Shoot Towards $20k in 2020

Bitcoin’s consolidation over recent weeks has convinced some traders that there is a move to the downside in the works. As reported by NewsBTC recently, one analyst commented that the recent price action is signaling a potential “distribution” pattern: “A couple more clues developing that lend themselves to HTF distribution. 1.

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This Eerie Nasdaq Fractal Predicts Bitcoin Will Rocket to $15,000 in 2020

In May and June, Bitcoin sustained multiple consecutive rejections at $10,000.Every time the cryptocurrency surpassed that level, the rally was quickly stopped by sellers. The chart below from Blockroots founder Josh Rager depicts this trend well.Chart of BTC’s price action over recent months by Josh Rager (@Josh_rager on Twitter). Chart

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