Fractal Played Out - But Beware! Bitcoin Update Today

Started by blind, Dec 17, 2024, 04:15 AM

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jotralikke

Here's a quick Bitcoin update for April 17, 2025—the recent fractal pattern has "played out," but there are still important risks to watch:

🔍 1. Bitcoin's Current Price
Bitcoin (BTC)
$83,576.00
-$907.00
(-1.07%)
Today
1D
5D
1M
6M
YTD
1Y
5Y
MAX
Price: $83,576 (−0.01%)

Today's range: $83,207 â€“ $85,312

📈 2. The 157‑Day Fractal Has Ended
Crypto analyst Master Kenobi identified a 157‑day bullish fractal that began August 5, 2024 and concluded April 16, 2025. According to his pattern analysis, this fractal phase usually precedes a strong rally—indeed, BTC has already bounced—but now that it's "played out," we may see:

A fresh upward impulse if Bitcoin holds above key support (around $78K)
Mitrade

Short‑term consolidation or pullback as traders lock in gains

🧩 3. Composite Index Fractal Signals Longer‑Term Upside
The Bitcoin Composite Index (BCI)—which aggregates on‑chain and market metrics—is reading 0.99, echoing past cycle peaks (2013, 2017, 2021). Historically, hitting this level led to multi‑month fractal‑driven rallies to:

$125K → $208K → $298K

Even targets above $1 million in the most aggressive scenarios
CCN.com

⚠️ 4. Why You Should Beware
Overextended Moves: After a fractal‑driven bounce, price often needs a healthy retracement. Watch for:

Break below $78K → test $72K–$75K

Volume Drying Up: Momentum can fade, and low volume on the way up often precedes sharper pullbacks.

Macro Shifts: Any major news—regulatory, macroeconomic, or ETF flow changes—could derail fractal targets.

▶️ 5. What to Do Next
If Bullish: Look for dips into the $78K–$80K zone as buying opportunities, with stops below $75K.

If Cautious: Wait for a clear reclaim above $88K on strong volume before adding fresh longs.

Longer‑Term: Keep an eye on the BCI fractal path for clues toward the next major leg up.

Bottom Line:
The recent 157‑day fractal has "played out," triggering a rally—but history tells us a period of consolidation or a pullback often follows. If Bitcoin holds above its support band, the next fractal‑driven leg could resume toward triple‑digit‑thousand targets—yet caution is warranted until the market re‑energizes.

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