Bitcoin showing positive signs so far.
A "Double Bottom" is a Bullish reversal chart pattern that is found at end of a downtrend.
We still need to observe the next hours of price action.
Looking for a breakout at the neckline.
Possible quick play up to 7930.
A "Double Bottom" is a Bullish reversal chart pattern that is found at end of a downtrend.
We still need to observe the next hours of price action.
Looking for a breakout at the neckline.
Possible quick play up to 7930.
Note
The 7530 region was defended x4 times (showing it was a key area of interest) until eventually, we unfortunately broke below (but not too far).As mentioned before, we need to observe at this time for confirmation of a bottom and reversal.
Bullish: Cross 7800
Bearish: Break 7300
Note
May main bottom target of these past days/weeks was constantly 7200-7300, which we hit right in the middle of today. I see more volume here than we've seen in a while (which is a good sign). Still, we must observe further before attempting to predict next targets.
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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.