BITCOIN hit 70k! Can a 60k pull-back deliver 100k in 3 months?

Bitcoin (BTCUSD) broke the $70000 psychological barrier today, smashing yet again a benchmark level during this Bull Cycle and on a momentum basis, it does not give any signs of stopping. However based on the 2020 post-COVID crash fractal, which started after the 1D MA50 (blue trend-line) crossed above the 1W MA50 (red trend-line), and that BTC has been following on an almost identical trade for the past 1 year (since March 2020), the price may experience a short-term pull-back at this stage.

If the fractal continues to play out, then a $60000 correction towards the end of the month, may come as a technical necessity is Bitcoin is to see a new High as we get closer to April's Halving. As you can see, even the 1D RSI sequences between the two fractals are quite similar. Based on that fractal we may even see Bitcoin at $100000 as early as June!

Do you agree with that? Feel free to let us know in the comments section below!


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