Bitcoin concluded yesterday's trading session breaking the swing highs created on May 15 and 23. This marks the first instance of BTC exceeding these swing high levels in a span of seven weeks.
A substantial support level is discernible below the 25,500 level. However, considering the formation of a double bottom pattern on the daily chart, coupled with the recent breakthrough of swing highs, could these be early indicators of a trend reversal favouring upward movement? Or does the Bitcoin price trajectory still aim for south below 25,500?
N.B!
- BTCUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#bitcoin
#btcusd
#BTC
A substantial support level is discernible below the 25,500 level. However, considering the formation of a double bottom pattern on the daily chart, coupled with the recent breakthrough of swing highs, could these be early indicators of a trend reversal favouring upward movement? Or does the Bitcoin price trajectory still aim for south below 25,500?
N.B!
- BTCUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#bitcoin
#btcusd
#BTC
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...
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-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts