$BTC is still trading in a structure very similar to the consolidation phase of the bear market in 2022, and this is the point that many traders are starting to pay more attention to the possibility of history repeating itself in a familiar rhythm.
Looking at the current price movement, it can be seen that the market has not really chosen a clear breakout direction, but instead is still fluctuating within a wide range with alternating retracements and downward pressures.
This type of movement creates a feeling very similar to the accumulation model before a more significant drop occurs in the later stage.
If this fractal scenario continues to hold, it is highly likely that Bitcoin will experience significant volatility around the 70,000 USD mark until the end of the weekend. This could be the phase that makes the market most turbulent, as both buyers and sellers have not really gained complete control.
Short-term bounces in this context can easily create a positive feeling, but they may also just be part of a larger corrective structure before the price enters the next downward phase.
However, it is important to remember that no fractal exists forever. Even though the current model is reflecting quite closely to the past, at some point, this similarity will still be broken.
The important issue is no longer whether the fractal will fail or not, but where, when, and in what way it will fail. That is the deciding factor for the market's next direction
