The Bullish Pennant Signals Continuation of Uptrend - indicating that the upward trend may resume. This means that the upward momentum will soon return after a consolidation phase, where the buyers have accumulated enough energy to push prices higher. I believe the price will continue to rise.
Note
Note
Currently, the price of Bitcoin can indeed change rapidly and be difficult to predict. While there are times when the price of Bitcoin experiences significant increases, there can also be sudden fluctuations in a short period of time. For any type of investment, ensuring safety and understanding risks is crucial. If you're interested in the cryptocurrency market, it's advisable to consult multiple sources of information and carefully evaluate before making investment decisions.
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Related publications
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.