Bitcoin / Tether USDUpdated BTC Double Bottom Formation
BTC is forming a possible double bottom as in the chart. It needs to break the high of the controlling bearish candle in blue (level 4277-4293) and re-test that level as support to confirm this double bottom.
Note
BTC is following the the chart quite well. Next target is to break 4272 and re-test to confirm the upward towards 4947.
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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.