$BTC might move toward its previous ATH, according to logarithmic chart
The prolonged consolidation that we are seeing now might become the foundation for a massive price increase in the future. Even after Bitcoin's rally in 2017, the cryptocurrency entered a consolidation channel for around a year. This consolidation was eventually followed by a massive rally that propelled Bitcoin to its all-time high of nearly $20,000 at that time.
It is important to note that technical analysis is not an exact science, and fractals are not a foolproof way to predict price movements. However, it is always interesting to see patterns emerge on the chart that could indicate a potential trend.
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