Analysts at Alphractal rely on a model called the 'Recurring Fractal Cycle' to predict Bitcoin's market movements, suggesting more potential upside for the cryptocurrency.
This model has accurately identified previous local tops and bottoms in the Bitcoin market, indicating that Bitcoin may still have room to grow based on historical patterns.
Alphractal also highlights the increasing valuation of mining stocks like Iris Energy (IREN), signaling potential market volatility on the horizon. This divergence between Bitcoin's price and mining stock performance could lead to significant market shifts.
While acknowledging that no model can predict the future with certainty, Alphractal emphasizes the significance of monitoring the 'Recurring Fractal Cycle' and the evolving relationship between mining stocks and Bitcoin market cap for insights into Bitcoin's future trajectory.