Is Bitcoin's "bottom" reached?
Bitcoin Descending Triangle Analysis 🔥
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would be sustained.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 19150. If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $20000, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $18800
Volume Profile View - Good volume has been added at the bottom level
Hope for recovery
Happy Trading
Bitcoin Descending Triangle Analysis 🔥
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would be sustained.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 19150. If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $20000, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $18800
Volume Profile View - Good volume has been added at the bottom level
Hope for recovery
Happy Trading
Dagangan aktif
Dagangan ditutup: sasaran tercapai
Perfect TradeNota
Agreed
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.