Is Bitcoin's "bottom" reached?
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
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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.