Bitcoin (BTC) should not worry traders after the biggest one-day drop of 2023 if one chart fractal plays out.
In a post on X (formerly Twitter) on Dec. 12, popular trader Alan Tardigrade revealed uncanny similarities between Bitcoin now and four years ago.
Bitcoin “repeating” post-COVID uptrend
Bitcoin may be struggling to clear key long-term resistance, but one comparison suggests that it is “business as usual” for BTC price action.
Uploading a chart fractal from late 2019 through mid-2021, Tardigrade highlighted a Bitcoin bull market blueprint, which is now making a conspicuous return.
Since late 2022 — the most recent multi-year low for BTC/USD — price recovery has followed the…
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