Bitcoin on weekly TF formed Ascending Triangle and is struggling to break 14 years resistance zone and previous ATH, if the price of bitcoin breaks these zones and enters into long term curve than we will see bitcoin price discovery and new ATH.
On Daily TF bitcoin formed big falling wedge well as inverse Head and Shoulders (Pattern within pattern) and the price broke and retested the reversal patterns and the target of these patterns are 74k.
The momentum indicators is showing over sold region and the immanent of happening bullish cross which is indicating the price of bitcoin might move to upside.
If the price of bitcoin rejected from this resistance zone then we will see the price revisit the 60K support level.
On Daily TF bitcoin formed big falling wedge well as inverse Head and Shoulders (Pattern within pattern) and the price broke and retested the reversal patterns and the target of these patterns are 74k.
The momentum indicators is showing over sold region and the immanent of happening bullish cross which is indicating the price of bitcoin might move to upside.
If the price of bitcoin rejected from this resistance zone then we will see the price revisit the 60K support level.