Bitcoin Split: $60K Crash or $140K Rally?

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Despite numerous calls for higher BTC prices in October, Bitcoin would repeat history with a steep drop toward $60,000 first.

Bitcoin price charts from 2021 hint at a crash toward $60,000 if history repeats.

Bulls see $104,000 support holding, with targets at $140,000 or higher.

Bitcoin has dropped more than 12.75% from its record high above $124,500, splitting traders into two camps.

One sees it as a routine bull market correction, while others warn that a new bear cycle has begun. But which side has the better argument?

Bitcoin 2021 chart fractals hint at $60,000
According to multiple analyses, Bitcoin could repeat the price trajectory that foreshadowed the 2021 market top.

Crypto analyst Reflection points out that in 2021, BTC staged a sharp rally to record highs, followed by a blow-off top, a correction into mid-range support, and finally a failed retest of resistance.


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