NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days

Key Bitcoin Price Fractal Predicts a $3,000 Correction Is Due

Nick Chong
Nick Chong
1 year ago
2 mins read
Bitcoin market

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has undergone a strong rally over the past few weeks, pushing as high as $16,500. Analysts are starting to fear that a correction is due, though.

One crypto-asset analyst recently shared a fractal showing that the cryptocurrency is trading in a remarkably similar way to how it did during the 2017 highs at $20,000. This fractal analysis predicts that a drop to $14,000 will take place in the weeks ahead.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

This Fractal Predicts a Bitcoin Correction Is Due

The crypto-asset analyst that predicted Bitcoin would drop to $9,800 in September is now suggesting that another retracement might be due.

The chart shows that Bitcoin’s recent price action looks extremely similar to how it looked at the $20,000 all-time high. This correction could take Bitcoin toward $14,000, the chart shows, if the fractal plays out to a T.

Image

Chart of BTC's price action over the past few weeks with a fractal analysis to the 2017 blow-off top that took Bitcoin to $20,000. Chart by crypto analyst Coiner-Yadox (@yodaskk on Twitter).
Source: BTCUSD from TradingView.com

Another trader also thinks that a correction is due. He recently said on the matter:

“Almost forgot my chart today, was a little busy IRL but a challenge is a challenge. I think going into the wknd you should be very cautious with getting caught long especially with equities being bearish. Don’t see much other than we might have topped. I am flat. I’m a bit groggy but topped on LFT, I would be skewed to taking majority shorts above 16.3k until we open and close monday above this level.”

Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

A New All-Time High May Come Soon

While Bitcoin may face a short-term drop, key investors in the space still believe the cryptocurrency will hit a new all-time high before 2020 is over.

For one, Tyler Winklevoss, CEO of Gemini and a Bitcoin billionaire, was recently quoted as saying on Twitter:

“I do think we will see an all-time-high price for #Bitcoin before 2020 is over. Even though the price has climbed from 10k to almost 14k in less than a month, it hasn’t really gone on a breakout run yet. When we start to see 3-5k surges then the bulls will be on the run.”

This optimism has been echoed by Raoul Pal, CEO of Real Vision and a former hedge fund manager. Pal thinks that Bitcoin will hit a new all-time high at latest by Q1 2021.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Key Bitcoin Price Fractal Predicts a $3,000 Correction Is Due
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin peste 126.000$: pre-vânzările atrag tot mai multe investiții

Luna octombrie a început la intensitate maximă pentru piața crypto, cu un nou ATH pentru Bitcoin peste pragul de la...

antonio 5 hours ago
Prévision de Charles Hoskinson : ADA 3 $ et BTC 250 K $ en 2026, jalons à surveiller

Charles Hoskinson fait une prévision de prix Cardano à 3 $, et Bitcoin à 250 000 $ en 2026

En octobre 2025, Charles Hoskinson a de nouveau créé la surprise. Le fondateur de Cardano, connu pour sa vision long-termiste...

guillaumev 6 hours ago
Bitcoin

Why The Bitcoin Price Might Never Drop Below $100,000 Again

Crypto analyst PlanB has explained why the Bitcoin price may never drop below $100,000 again. This comes as market participants...

Scott Matherson 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Needs Only A Minor Push To Reach $175K: Analyst

Christian Encila 51 minutes ago
Dogecoin

Rounded Bottom Formation Shows When Dogecoin Price Will Begin ‘Flying’

Scott Matherson 2 hours ago
Bitcoin Price Breaks Down

Market Expert Reveals Why The Bitcoin Price Will Never Stop Going Up

Sandra White 3 hours ago

Premium Sponsors

Press Releases

  • Трейдър на Shiba Inu откри най-бичията криптовалута след SHIB от 2021 г., прогнозирана да донесе 24080% възвръщаемост през 2025 г.

    Трейдър на Shiba Inu откри...

    3 hours ago
  • Прогноза за цената на Pepe: Анализатор предвижда 13-кратен ръст до 2026 г., а един токен позволява неговото копаене

    Прогноза за цената на Pepe...

    3 hours ago
  • Traderul Shiba Inu descoperă cea mai optimistă monedă de la SHIB din 2021, prezisă să atingă un ROI de 24.080% în 2025

    Traderul Shiba Inu descoperă cea mai optimistă monedă de...

    3 hours ago
  • Pepe árjóslat: Az elemző 13-szoros növekedést jósol 2026-ra, és egy token lehetővé teszi a bányászatát

    Pepe árjóslat: Az elemző 13-szoros növekedést jósol...

    4 hours ago
  • Egy Shiba Inu kereskedő felfedezte a legbullisabb coint a 2021-es SHIB óta, amelyről azt jósolják, hogy 2025-re 24 080%-os hozamot (ROI) érhet el

    Egy Shiba Inu kereskedő felfedezte a legbullisabb coint a...

    6 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.