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Bitcoin Could Soon Go Vertical

While the price of crypto seems to move randomly, similar bouts of price action appear time and time again in patterns called “fractals.” 

The chart showing that Bitcoin’s price action since the start of the year is eerily reminiscent of that seen in April and May of 2019: both periods saw BTC trade in an ascending/rising wedge, marked by five taps of the wedge lines, three on the top and two on the bottom.

In 2019, this ascending wedge pattern broke upward, with the price of Bitcoin going vertical, rallying by 30% in a few days’ time after it broke out of the chart pattern.