Crypto analyst Merlijn identified a rare fractal pattern in Bitcoin - identical to gold’s 1974 structure - as BTC surged to $75,000, its highest level in one month.
Merlijn stated the third wave of the fractal is now forming. A hold above $62,000 unlocks a $226,000 Fibonacci extension target; failure risks one more low before ascent. He linked the pattern to imminent parabolic momentum.
Merlijn also cited expanding M2 money supply and BTC’s entry into the green accumulation zone - a combination that previously preceded major rallies. Confirmation requires holding above $74,000; a drop below $65,000 signals further compression first.
Glassnode’s latest report confirms market stabilization: spot CVD flipped decisively positive, futures open interest rose, and ETF inflows show renewed interest despite moderating volume. On-chain activity remains subdued but steady.
