So we finally broke the downtrend resistance line! Not only was this a barrier for Bitcoin to grow, but it is also a mental barrier for people wanting to invest in crypto. Now Bitcoin crossed this bridge, more people will get into crypto again. And where there is a growing ask, there is a growing price. Also it looks like the market sentiment is becoming more positive each day, which is great.
Now to the technical analysis. I see 2 major patterns that indicate the price will go up:
1 Inverse Head and Shoulders
2 Ascending triangle
Please comment any questions and follow me for more posts like this one.
Now to the technical analysis. I see 2 major patterns that indicate the price will go up:
1 Inverse Head and Shoulders
2 Ascending triangle
Please comment any questions and follow me for more posts like this one.
Trade closed: stop reached
Broke 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.