So we finally broke the downtrend resistance line! Not only was this a barrier for Bitcoin to grow, but it is also a mental barrier for people wanting to invest in crypto. Now Bitcoin crossed this bridge, more people will get into crypto again. And where there is a growing ask, there is a growing price. Also it looks like the market sentiment is becoming more positive each day, which is great.
Now to the technical analysis. I see 2 major patterns that indicate the price will go up:
1 Inverse Head and Shoulders
2 Ascending triangle
Please comment any questions and follow me for more posts like this one.
Now to the technical analysis. I see 2 major patterns that indicate the price will go up:
1 Inverse Head and Shoulders
2 Ascending triangle
Please comment any questions and follow me for more posts like this one.
Trade closed: stop reached:
Broke down