Bitcoin Echoes 2022 Bear Market Fractal
Bitcoin price action is mirroring the 2022 bear market fractal according to @MI_Algos, who cites Keith Alan. This means traders can use this reference guide for their analysis until a deviation occurs. The current price of BTC is $64,773.47 and it's trading inside Bollinger Bands with upper resistance at $65,108.41 and lower support at $63,107.23.
The structure remains bullish as the price holds above the EMA50 at $64,456.39 and the EMA200 at $63,942.6. The MACD(12,26) registers a golden cross at -2.14 and the RSI(14) sits neutral at 55.5, indicating continuation toward the upper band before any fractal break.
This setup informs BTC price prediction models and historical cycle fractals analysis amid ongoing crypto market crash comparisons.