Bitcoin on 'Pause' for brief moment!
Seems like Bitcoin is making its moves in bullish fashion and is now exiting from the pause phase. Let me break down those phases for you: Consolidation, Bull, Pause, Bull...
On the chart, I’ve highlighted these phases:
Consolidation Phase: This is represented by a channel pattern, where the price moves within a defined range.
Bull Phase: This is the parabolic movement, showing strong upward momentum.
Pause Phase: This takes the shape of a triangle, signaling a temporary slowdown before the next move.
What’s fascinating is that all these patterns—channel, parabolic, and triangle shapes—have unfolded during the 2023–2024 bull run. Together, they form a rising channel, reinforcing the broader bullish structure.
Let’s see where Bitcoin heads next! 🚀
On the chart, I’ve highlighted these phases:
Consolidation Phase: This is represented by a channel pattern, where the price moves within a defined range.
Bull Phase: This is the parabolic movement, showing strong upward momentum.
Pause Phase: This takes the shape of a triangle, signaling a temporary slowdown before the next move.
What’s fascinating is that all these patterns—channel, parabolic, and triangle shapes—have unfolded during the 2023–2024 bull run. Together, they form a rising channel, reinforcing the broader bullish structure.
Let’s see where Bitcoin heads next! 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.