Bitcoin is forming a double bottom and a falling wedge formation
this could indicate an extremely bullish scenario where we see bitcoin fly past $73,000
Take caution when executing the trade
as a Triple top formation can also lead to a bearish case leading us straight to $58,000 or $59,000 on the low end
Bullish Case is 90% Scenario
Bearish Case is at 10%
I've opened a long position on ByBit we'll see in the coming weeks but i do see us in extremely bullish territory!
Using Technical Indicators i was able to spot a Double Bottom and a falling Wedge Pattern
this could indicate an extremely bullish scenario where we see bitcoin fly past $73,000
Take caution when executing the trade
as a Triple top formation can also lead to a bearish case leading us straight to $58,000 or $59,000 on the low end
Bullish Case is 90% Scenario
Bearish Case is at 10%
I've opened a long position on ByBit we'll see in the coming weeks but i do see us in extremely bullish territory!
Using Technical Indicators i was able to spot a Double Bottom and a falling Wedge Pattern
Comment:
Definitely a double bottom pattern March 19th 2024 till April 13th 2024 fly high boys