nagihatoum

BTC monthly close at 28k

Long
nagihatoum Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
BTC has exhibited significant volatility in recent days, breaking out of a descending monthly channel and forming a bullish C fork pattern.

The price has remained within a defined range since march 2023, with a mid-range point at $28,000.

$28,000 marks the convergence point of several technical factors, including an ascending channel, the second leg of the C fork pattern, and a mid-range point at the end of the month.

Comment:
Target was hit on time.
Comment:
target hit again.

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