GET READY, BITCOIN PRICE WILL START TO EXPLODE
Anticipating an Upward Movement? While certainty remains elusive, consider this perspective.
The current price is situated below the critical support range of 43,000 to 43,500.
Observing a symmetrical triangle pattern in the 1H Chart, the price oscillates between the upper and lower triangle lines, gradually contracting.
Historically, when reaching the apex of the triangle, a significant movement often occurs.
Although the direction of the surge is uncertain, the prevailing bullish trend suggests an upward trajectory. A broader view on the 4-hour chart reveals a double bottom pattern, adding further bullish momentum.
However, it's crucial to stay vigilant for a potential downturn below the triangle's lower boundary.
The current price is situated below the critical support range of 43,000 to 43,500.
Observing a symmetrical triangle pattern in the 1H Chart, the price oscillates between the upper and lower triangle lines, gradually contracting.
Historically, when reaching the apex of the triangle, a significant movement often occurs.
Although the direction of the surge is uncertain, the prevailing bullish trend suggests an upward trajectory. A broader view on the 4-hour chart reveals a double bottom pattern, adding further bullish momentum.
However, it's crucial to stay vigilant for a potential downturn below the triangle's lower boundary.
Penafian
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