# The current bitcoin chart looks very similar to silver's chart back in 2011...

If the current chart looks familiar to you, it's probably because you traded silver about a decade ago.

Rewind the clock back to 2010 and silver was starting to really get some wind at its back as QE was in full effect and people were worrying that runaway inflation would be the end result of the money printing.

It ended up not being as big of a concern as initially feared, but that didn't stop silver from running up over $40 an ounce during its peak in 2011.

Right now, the BTC chart looks very similar to silver's did right before it went on that $40 run...

Check it out:

![image.png](https://cdn.steemitimages.com/DQmaNjqfyotVo1QasS7bkcxnkza77feKpHB1FHyV1rwk2uL/image.png)

(source: https://twitter.com/BCBacker/status/1269734651654025216)

# Fractals Fractals Fractals...

Traders love to look at fractals on different charts for some clues as to what the future may bring for a particular asset.

In this case the fractal on silver back in 2011 looks very similar to the fractal see on the current bitcoin chart.

If history were to play out in a similar fashion, it would push the price of bitcoin up to new highs, though nothing near where some are calling for...

Based on the chart, it would be a move up to around $22k before seeing a very large pullback.

According to the fractal, the only question is whether bitcoin just takes off from here and starts its run up or it pulls back to $8k first before it runs to $22k.

I don't put too much stock in these types of fractals on different assets, but it is interesting to take note of never the less.

Stay informed my friends.

-Doc