1,2,3 bottom formation indicates possible bitcoin turn around.
Looks like bitcoin may be turning around after a bear trend for the last month or so.
1,2,3 bottom formation is getting set up which is a bullish signal. If the price breaks above the green downward trend line, I expect the price to rise and hit resistance at 12800 or so. If the price passes this resistance, a continuing bull run may ensue.
Lots of conditions must be met, but this could be the turn around!
1,2,3 bottom formation is getting set up which is a bullish signal. If the price breaks above the green downward trend line, I expect the price to rise and hit resistance at 12800 or so. If the price passes this resistance, a continuing bull run may ensue.
Lots of conditions must be met, but this could be the turn around!