Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit
Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021
(BTC) has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests.
First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin’s secular bull runs every time after halvings when the miner block reward gets cut in half. Analysts perceive the halving as a bullish event, which reduced the supply of newly mined BTC.
BTC balance on exchanges drops to fresh lows
Bitcoin hashrate has nearly recovered
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