BitcoinLong
BTC: Why We Won't Double Top, Bull Run Imminent
BTC has been building tension for over a week within its large consolidation pattern, and has only just broken for the upside. Already and almost immediately, we are seeing cautious posts about a potential double top and drop, which is reasonable considering BTC did not get the major pullback many were expecting. However, considering the size of this consolidation pattern and the strength of the break as labeled above, further upside is far more likely than down.
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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.