The cryptocurrency market has reached a significant milestone as Bitcoin sets a new record. Ethereum and other altcoins are also showing positive results.
Bitcoin and Ethereum's Surge
Today, Bitcoin (BTC) surpassed a new record, reaching $118,000. Ethereum (ETH) also displayed significant growth, rising by 8% and exceeding the $3,000 threshold. This positive trend has also impacted altcoins, including **Virtual Protocol (VIRTUAL)**, which surged by 9% in the last 24 hours.
VIRTUAL's Fractal Pattern and LINK
VIRTUAL is forming an intriguing fractal pattern that was previously observed in Chainlink (LINK) before its sharp rise in late 2024. LINK endured a prolonged sideways trend and then established a clear rounded top. After finding support, LINK’s price surged dramatically by 139%. VIRTUAL seems to be following the same script, as its chart also displays rounded tops and a rebound toward a demand zone.
Prospects for VIRTUAL
VIRTUAL continues to closely follow LINK's path, and if this fractal prevails, a minor pullback toward the 200-day moving average support near $1.65 may occur. Should support hold, VIRTUAL could aim for a rise to the $4.00 region, representing a 139% increase from the 200-day support level.
The cryptocurrency market shows a positive trajectory, and considering the fractals observed in VIRTUAL, we may anticipate a continuation of this trend in the upcoming weeks.
