{"id":387332,"date":"2019-06-24T20:00:15","date_gmt":"2019-06-24T20:00:15","guid":{"rendered":"https:\/\/uniquehot.com\/?p=387332"},"modified":"2019-06-24T22:01:57","modified_gmt":"2019-06-24T22:01:57","slug":"following-gold-fractal-would-bring-bitcoin-price-to-ath-16k-is-coming-fast","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/following-gold-fractal-would-bring-bitcoin-price-to-ath-16k-is-coming-fast\/","title":{"rendered":"Following Gold Fractal Would Bring Bitcoin Price to ATH, $16K is Coming Fast"},"content":{"rendered":"<p>Over the weekend, <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> yet again shocked the crypto market and breached the important psychological resistance at $10,000, and soon after tested above $11,000 before a pair of violent rejections below.<\/p>\n<p>With the price level acting as such an important <a href=\"https:\/\/uniquehot.com\/2019\/06\/19\/tom-lee-bitcoin-price-btc\/\">\u201cFOMO\u201d trigger<\/a>, one crypto analyst says that $16,000 is coming \u201cfast,&#8221; and if Bitcoin price continues to follow a gold market cycle fractal, the leading crypto asset by market cap will be retesting its previous all-time high in no time.<\/p>\n<h2>Crypto Analyst: $16K BTC Is Coming, And Is Coming Fast<\/h2>\n<p>This past Friday night, Bitcoin price broke through overhead resistance at $10,000 and now all eyes are once again on the number one crypto asset m as a revisit to its previous all-time high of $20,000 is almost a given at this point.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/06\/22\/bitcoin-price-hits-11000-less-than-24-hours-after-10000-falls-whats-next\/\">Bitcoin Price Hits $11,000 Less Than 24 Hours After $10,000 Falls, What\u2019s Next?\u00a0<\/a><\/strong><\/em><\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2017\/10\/20\/bitcoin-price-is-heading-to-10000-cnbc-survey-says.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Last time around<\/a>, it only took a little more than two weeks to hit $20,000 after $10,000 was broken. With $11,000 already down, one crypto analyst says that $16,000 is \u201ccoming, and is coming fast.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">16K is coming, and is coming fast. <\/p>\n<p>The easiest tradable asset of our times. <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#bitcoin<\/a> <a href=\"https:\/\/t.co\/1QseoOV5zO\" rel=\"nofollow\">pic.twitter.com\/1QseoOV5zO<\/a><\/p>\n<p>&mdash; Galaxy (@galaxyBTC) <a href=\"https:\/\/twitter.com\/galaxyBTC\/status\/14708224?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 23, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Back in 2017, it took only nine total days to reach $16,000 after $10,000 fell. If the same pattern repeats, Bitcoin price would trade above $16,000 starting at the beginning of July. As the analyst states, it can happen faster than most would anticipate and catch most by surprise &#8211; even despite it happening once already in the past.<\/p>\n<p>The crypto asset is known for its powerful, parabolic rallies, that often capture the curiosity of the mainstream public and cause the asset to form a \u201cbubble.\u201d<\/p>\n<h2>Gold Fractal Shows Bitcoin Price Path Back to All-Time High<\/h2>\n<p>Bitcoin has been dubbed a store a value, peer-to-peer digital cash, and as digital gold. The two assets share many similarities, notably the relative scarcity and the requirement of mining to produce more. Bitcoin may be even <a href=\"https:\/\/uniquehot.com\/2019\/06\/06\/gold-skyrockets-as-bitcoin-price-plummets-which-wins-battle-for-economic-hedge\/\">more valuable than gold<\/a> due to it having a fixed supply rather than simply just being scarce.<\/p>\n<p>If Bitcoin price continues to follow the path of a fractal found in gold markets, the price of the crypto asset could reach $20,000 and beyond in the coming days.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> vs <a href=\"https:\/\/twitter.com\/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$GOLD<\/a><\/p>\n<p>If <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#bitcoin<\/a> keeps on following gold fractal we might see 46k before EOY \ud83e\uddd0<a href=\"https:\/\/twitter.com\/hashtag\/xau?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#xau<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/gc?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#gc<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/moon?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#moon<\/a> <a href=\"https:\/\/t.co\/KD5gzta1NC\" rel=\"nofollow\">pic.twitter.com\/KD5gzta1NC<\/a><\/p>\n<p>&mdash; CryptoWhisky (@Crypto_Whisky) <a href=\"https:\/\/twitter.com\/Crypto_Whisky\/status\/44608256?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 24, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Much like the 2017 bubble peak, the gold chart demonstrates a parabolic peak, followed by a deep correction. The peaks and troughs almost perfectly mimic Bitcoin\u2019s bear market.<\/p>\n<p>Even more chilling is the fact that gold also seems to have over-corrected much like Bitcoin did when it broke below $6,000 causing a cascade of stops being hit and the price plummeting downward.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/06\/21\/crypto-peter-schiff-gold-bitcoin\/\">Crypto Pundit Peter Schiff Says Gold Is In Early Bull Market, But Bitcoin Is a Sucker\u2019s Rally\u00a0<\/a><\/strong><\/em><\/p>\n<p>After the over-correction completed, gold went on to again go on a parabolic climb, revisiting the previous high faster than it arrived there the first time around.<\/p>\n<pre>Featured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Over the weekend, Bitcoin price yet again shocked the crypto market and breached the important psychological resistance at $10,000, and soon after tested above $11,000 before a pair of violent rejections below. With the price level acting as such an important \u201cFOMO\u201d trigger, one crypto analyst says that $16,000 is coming \u201cfast,&#8221; and if Bitcoin price continues to follow a gold market cycle fractal, the leading crypto asset by market cap will be retesting its previous all-time high in no time. Crypto Analyst: $16K BTC Is Coming, And Is Coming Fast This past Friday night, Bitcoin price broke through overhead resistance at $10,000 and now all eyes are once again on the number one crypto asset m as a revisit to its previous all-time high of $20,000 is almost a given at this point. Related Reading | Bitcoin Price Hits $11,000 Less Than 24 Hours After $10,000 Falls, What\u2019s Next?\u00a0 Last time around, it only took a little more than two weeks to hit $20,000 after $10,000 was broken. With $11,000 already down, one crypto analyst says that $16,000 is \u201ccoming, and is coming fast.\u201d 16K is coming, and is coming fast. The easiest tradable asset of our times. #bitcoin pic.twitter.com\/1QseoOV5zO &mdash; Galaxy (@galaxyBTC) June 23, 2019 Back in 2017, it took only nine total days to reach $16,000 after $10,000 fell. If the same pattern repeats, Bitcoin price would trade above $16,000 starting at the beginning of July. As the analyst states, it can happen faster than most would anticipate and catch most by surprise &#8211; even despite it happening once already in the past. The crypto asset is known for its powerful, parabolic rallies, that often capture the curiosity of the mainstream public and cause the asset to form a \u201cbubble.\u201d Gold Fractal Shows Bitcoin Price Path Back to All-Time High Bitcoin has been dubbed a store a value, peer-to-peer digital cash, and as digital gold. The two assets share many similarities, notably the relative scarcity and the requirement of mining to produce more. Bitcoin may be even more valuable than gold due to it having a fixed supply rather than simply just being scarce. If Bitcoin price continues to follow the path of a fractal found in gold markets, the price of the crypto asset could reach $20,000 and beyond in the coming days. $BTC vs $GOLD If #bitcoin keeps on following gold fractal we might see 46k before EOY \ud83e\uddd0#xau #gc #moon pic.twitter.com\/KD5gzta1NC &mdash; CryptoWhisky (@Crypto_Whisky) June 24, 2019 Much like the 2017 bubble peak, the gold chart demonstrates a parabolic peak, followed by a deep correction. The peaks and troughs almost perfectly mimic Bitcoin\u2019s bear market. Even more chilling is the fact that gold also seems to have over-corrected much like Bitcoin did when it broke below $6,000 causing a cascade of stops being hit and the price plummeting downward. Related Reading | Crypto Pundit Peter Schiff Says Gold Is In Early Bull Market, But Bitcoin Is a Sucker\u2019s Rally\u00a0 After the over-correction completed, gold went on to again go on a parabolic climb, revisiting the previous high faster than it arrived there the first time around. Featured image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":387333,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[10862,428,21578,29930,2209],"class_list":["post-387332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-all-time-high","tag-bitcoin","tag-fractal","tag-galaxybtc","tag-gold"],"acf":[],"yoast_head":"\n<title>Following Gold Fractal Would Bring Bitcoin Price to ATH, $16K is Coming Fast<\/title>\n<meta name=\"description\" content=\"Over the weekend, Bitcoin price yet again shocked the crypto market and breached the important psychological resistance at $10,000, and soon after tested\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/following-gold-fractal-would-bring-bitcoin-price-to-ath-16k-is-coming-fast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Following Gold Fractal Would Bring Bitcoin Price to ATH, $16K is Coming Fast\" \/>\n<meta property=\"og:description\" content=\"Over the weekend, Bitcoin price yet again shocked the crypto market and breached the important psychological resistance at $10,000, and soon after tested\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/following-gold-fractal-would-bring-bitcoin-price-to-ath-16k-is-coming-fast\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-24T20:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-24T22:01:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/06\/bitcoin-price-gold-fractal-shutterstock_745369213-e54.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3000\" \/>\n\t<meta property=\"og:image:height\" content=\"1500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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