Double scenarios are possible on bitcoin.If price eventually break above the trend-line, bull run will automatically be activated on BTC,
But if bounced on the trend line and give a strong bearish signals , the down trend might continue.
In general sense:
BTC has a bullish outlook as it is trading inside a falling wedge. Double bottom happened on the support level accompanied by bullish engulfing candle , that’s a bullish signal.
But if bounced on the trend line and give a strong bearish signals , the down trend might continue.
In general sense:
BTC has a bullish outlook as it is trading inside a falling wedge. Double bottom happened on the support level accompanied by bullish engulfing candle , that’s a bullish signal.
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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.