I think $BTC might be in a similar scenario as in December 2021.

December 24th back then was a local high, and we dropped from $51,000 to $34,000 between December 24th, 2021, and January 24th, 2022.

I applied the fractal from that sell-off to today’s price, and it points to a potential move toward around $70,000.

I’m normally not a huge fan of fractals, but the current level and price action make it plausible that something like this could happen.

Let’s see!