Bitcoin Price Will Surge to $11,500 According to this Fractal; Here’s Why

Last week, Bitcoin (BTC) plunged like a stone in water, falling through the $10,000, $9,800, and $9,500 price supports in rapid succession. But on Monday — Labor day for the U.S. and Canada — the cryptocurrency mounted a strong recovery, surging by 7% on the day.

As of the time of writing this, Bitcoin is trading at $10,400. And, one fractal from a prominent analyst shows that the crypto’s bullish momentum won’t be letting up anytime soon. Let’s take a closer look.

Earlier Monday, this writer posted an article about Bitcoin’s price jump with the image below.

If it looks familiar, don’t worry. As this writer and many others have noticed, Bitcoin’s recent price action has resembled that was seen at the end of 2018, when BTC tumbled under $4,000 and made many investors fear that the cryptocurrency’s time had come.

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