Drop to $7,843 before rise to $14,769 (100% Certainty)
The bitcoin chart is showing too high certainty patterns right now.
The Three Rising Valleys pattern that is evident between 6th Feb and 4th June had a breakout to the upside confirming the pattern and it gives us a target of $14,769. This pattern has played out 100% of the time for bitcoin in the history of the cryptocurrency.
The Pipe Top is also a high certainty pattern, reaching its target 90% of the time. The pattern is evident from 26th June to 27th June on most charts and gives us a downward target of $6,843.
The Three Rising Valleys pattern that is evident between 6th Feb and 4th June had a breakout to the upside confirming the pattern and it gives us a target of $14,769. This pattern has played out 100% of the time for bitcoin in the history of the cryptocurrency.
The Pipe Top is also a high certainty pattern, reaching its target 90% of the time. The pattern is evident from 26th June to 27th June on most charts and gives us a downward target of $6,843.
Trade closed: target reached