Bitcoin

Bitcoin (BTC/USD) - Potential Morning Star Candle Pattern Weekly

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Bitcoin (BTC/USD) has been in an uptrend for over one year, 2023 to 2024, and is currently testing all-time high prices.


A potential Morning Star candlestick pattern (bearish) is forming on the weekly Bitcoin chart.

Bitcoin price may fall in the short-term leading up to the Halving Event in April 2024.


To continue an Uptrend in 2024: Bitcoin needs to breakout and rally above $75000, $80000, $90000.

If not, a pullback is possible for Bitcoin price, and the price could fall down to $60000, $50000, $40000.


Upcoming USA Stock Market Earnings, FOMC Federal Reserve Interest Rate Cuts, and Global Fundamental Catalysts could also affect Bitcoin and cryptocurrency sector volatility.

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