Bitcoin fractal settings in 2019 suggest that BTC prices can rebound to $50,000

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The Bitcoin fractal setting in 2019 implies that the BTC price can rise to 50,000 U.S. dollars

(Bitcoin) Based on the striking similarity between its current trend and the trend from June 2019 to December 2019, it faces the prospect of reaching USD 47,500-50,000.

In detail, Bitcoin Up to approximately USD 14,000 On June 26, 2019, during the rest of this year due to profit-taking sentiment and hard forks triggered by FUD, Facebook (NASDAQ:) and regulators over the confrontation of its crypto project Libra, for the rest of the year Before the internal decline, as well as the then-U.S. President Donald Trump and Treasury Secretary Steven Mnuchin’s Bitcoin’s threatening tone.

Bitcoin price trend in 2019. Source: TradingView.com
Bitcoin price trend from April to June. Source: TradingView.com
Bitcoin 2019 and 2021 fractals. Source: TradingShot.com