Bitcoin could be primed for another significant move. Recently, a price chart by crypto analyst Ali reignited conversation among traders. The chart, on April 13, showed a fractal pattern indicating that Bitcoin ($BTC) could move up to $97,000. Currently, Bitcoin is trading at a price of $80,000.
The chart follows Bitcoin’s price movement from late 2022 up to early 2025. It employs a logarithmic scale with evident historical patterns. Specifically, there were two major drops in late 2022 and mid-2023. Both times, however, it bounced up drastically. Following the initial fall to about $16,000, it jumped to $40,000. The second, from approximately $25,000, resulted in a rise to over $80,000.
A third dip is in process. The present price level, indicated with a downward arrow, is a repeat of past action. Should the fractal pattern continue, a small pullback could be followed by a breakout at $97,000.
Fractals, Halvings, Politics: Bitcoin Eyes Surge
However, fractals are repeating patterns in nature and finance. Traders apply them to predict future price movements. In the Bitcoin Eyes $97K as Fractal Patterns Ignite Market Hopes instance, they tend to emerge after halving occurrences. Each halving reduces new Bitcoin availability by half, usually igniting bullish spurts.
Market commentators are divided. Some predict a bounce, some a correction. Nevertheless, sentiment is bullish, particularly from long-term holders.
Bitcoin’s next move may be determined by more than charts. On April 14, President Donald Trump of the United States will sit down with the President of El Salvador, Nayib Bukele, at the White House. Both men support crypto. Their meeting may have an effect on world crypto policy and investor sentiment.
With clearer regulation, big institutions can enter this space unhindered. This, in tandem with chart setup, could propel Bitcoin to all-time highs.
Nonetheless, the trend depicted fits with this principle. Bitcoin was cut in half again in 2024. Tradition dictates that gains tend to follow in their wake months later.
The caption on this post issues a warning that is all too common: complacency. Traders are often drawn in by sharp gains but then get taken out by sudden declines.
