BullBearMkt

BitCoin Breaks 1st Swing Highs In 7 Weeks-Potential Trend Shift?

Long
COINBASE:BTCUSD   Bitcoin
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

Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...

-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.