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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • 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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

This Historically Accurate Bitcoin Fractal Now Calls for a Correction to $17,500

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin

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 and the entire cryptocurrency market are seeing a relatively quiet day following some immense turbulence yesterday
  • The selling pressure witnessed by altcoins was intense and caused many to see flash crashes of 20% or more
  • All the while, Bitcoin’s price remains steady and stable above $23,000 – around where it is still trading at the present moment
  • One trader who in the past put forth a fractal that forecasted the entire rally seen over the past few months is now offering investors a warning
  • He notes that this same fractal predicts that the crypto will see a strong pullback towards $17,500 in the near-term

Bitcoin and the entire crypto market have seen some relatively lackluster price action this morning, with BTC stable as many altcoins try to recover from yesterday’s selloff.

The selling pressure seen in the lower-$24,000 region is still a major hurdle for BTC, as every visit to this level has caused it to see major inflows of selling pressure.

This may align with a fractal pattern that had forecasted the entire move higher seen over the past few months, as it shows that there is room for an imminent correction down towards $17,500.

Bitcoin Consolidates as Market-Wide Momentum Stalls

At the time of writing, Bitcoin is trading up marginally at its current price of $23,300. This is around where it has been trading throughout the past few days.

The selling pressure between $24,000 and $24,200 has sparked multiple selloffs, but each one has lessened in intensity with every subsequent visit to this level.

If bulls continue guarding against any intense downtrend, this could mark a bullish consolidation phase that ultimately allows the market to see further upside.

Fractal Pattern Spells Trouble for BTC

One trader explained in a recent tweet that Bitcoin could be on the cusp of plunging towards $17,500 if a fractal he is watching plays out.

This fractal forecasted the entire move from the $10,000 region with precision, which could mean that this correction is actually imminent.

“BTC: The road map I followed to the new ATH suggests a correction back toward 17.5K – 18.5K before more upside is likely. Tread lightly.”

Bitcoin

Image Courtesy of Kaleo. Source: BTCUSD on TradingView.

The coming few days will be critical for understanding the entire market’s outlook, as the resolution to Bitcoin’s ongoing consolidation phase will shine a light on where it trends heading into the new year.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

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

FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance

FalconX Adds To Solana Stash: $28.39M In SOL Pulled From Binance

Solana is once again in the spotlight after surging past the $240 level, marking a strong recovery and renewed momentum...

Sebastian Villafuerte 1 hour ago
이더리움 강세 속 주목할 알트코인 투자 전략

이더리움 강세 속 주목할 알트코인 투자 전략은?

암호화폐 시장에 또 다른 불안 요인이 떠올랐다. 대규모 디지털 자산을 보유한 일부 기업들이 실적 악화와 함께 재정 압박을 겪으면서, 이들이 보유중인 비트코인이 위험에 처할 가능성이...

Soyeon Lee 1 hour ago
XRP, 대규모 매수 신호…폭발적 상승 기대되는 알트코인은?

리플(XRP), 대규모 매수 신호…폭발적 상승 기대되는 알트코인은?

암호화폐 분석가들이 최근 XRP의 시장 흐름에서 강력한 매수 신호를 포착했다. 이는 조만간 큰 폭의 상승 가능성을 시사한다. 특히 트레이더 알리 마르티네스(Ali Martinez)...

Soyeon Lee 2 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

Ethereum potrebbe puntare ai 10.000 $: ecco perché tanti analisti sono ottimisti

Orfeo Barone 5 minutes ago
Dogecoin

Analyst Sets $5 Target For The Dogecoin Price If This Happens

Scott Matherson 17 minutes ago
Best Crypto To Invest In As Ethereum Eyes $5.5K Ahead Of $XRP ETF Launch.

Best Crypto To Invest In As Ethereum Eyes $5.5K Ahead Of $XRP ETF Launch

Aaron Walker 54 minutes ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール最新動向:イーサリアムやカルダノを凌ぐと予測される新興プロジェクト

    ...

    47 seconds ago
  • 仮想通貨おすすめ:第4四半期に注目される新興コインとカルダノ・パイの比較

    ...

    16 minutes ago
  • FRB利下げ後にビットコインが117,000ドル突破、新しい仮想通貨プレセールが注目を集める

    ...

    33 minutes ago
  • ソラナが最高値に迫る中で注目すべきアルトコイン銘柄

    ...

    47 minutes ago
  • クジラの大量売却にもかかわらず、市場は回復力を見せる

    イーサリアム...

    1 hour 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.