Bitcoin Could Follow Gold Fractal With 44% Drop to Under $7,000
Bitcoin has long been pitched as the digital version of gold – a precious metal that’s long been used as a store of wealth, transfer of value, and features many of the attributes that Bitcoin is lauded for, such as scarcity.Bitcoin price has also been following a fractal found on gold price charts almost perfectly. If Bitcoin price action continues to follow the fractal, a dangerous drop could be ahead for the leading crypto asset by market cap and the digital counterpart to gold.
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