Bitcoin Price May Rally to $169,000 Following 157-Day Fractal

Crypto analyst Master Kenobi has identified a bullish fractal pattern for Bitcoin, suggesting a potential price rally to $169,000. This pattern mirrors one observed in the previous bull cycle.

Key Points on Bitcoin's Potential Rally

Master Kenobi predicts Bitcoin could reach $169,000 based on historical patterns.
The fractal phase began on August 5, 2024, and lasted 157 days last year.
If this pattern holds, a rally could conclude by March 2, 2025.
A drop to between $88,000 and $89,000 may occur before any significant upward movement.
Timing of this cycle may extend beyond last year's duration, allowing for price adjustments.

BTC Bull Market Status

Analyst Titan of Crypto confirmed that the Bitcoin bull market remains intact as long as it closes above the 38.2% Fibonacci retracement level. Despite a recent downtrend below $93,000, he noted that a correction is expected after a 120% surge from August to December.

As of now, Bitcoin trades around $94,000, reflecting a decrease over the last 24 hours.