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BITCOIN $100k or $25k? Comparing today and 2015.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Two fractals of now (2021/22) and then (2015/16), two different time-frames (3D and 2D respectively). It is evident that price-wise the two sequences look the same.

The MA50 (blue trend-line) is the Resistance, when it broke in 2015, the rally of the recovery started. A Higher Highs trend-line on both. However, the RSI in 2015 has been on Higher Highs too but currently, since 2021, it is on Lower Highs. Potentially that indicates a hidden Bearish Divergence. So far the MA200 (orange trend-line) is supporting but if we close below it, this RSI Bearish Divergence could develop into a price bearish trend . A break above the MA50 invalidates that and should be enough to kick-start the rally towards $100k.

Which of the two will prevail? The RSI Bearish Divergence or the MA50 will break? Feel free to share your work and let me know in the comments section below!



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