BitcoinLong
BTC/USD is touching bottom price and start to rise?
The BTC is heading for an uptrend with a W bottom in the immediate vicinity.
From the latter half of July to August, we have avoided the plunge many times, but this W bottom is the starting point. Again this time, starting from this W bottom, it is important to see if the price can be pushed up from here.
Currently, they are in a state where they are competing in a chart pattern called the descending triangle, which cuts down the high price with a constant low price, and the key is to be able to clearly break above the high price devaluation line and the $11,550 horizon.
If you exit this line, I would like to set the loss cut line at $11,550 and then move up to $12,000.
On the other hand, if you fail this challenge and break out of the triangle pattern, you may drop to the horizon of $10,900 or the horizon of $10,500.
From a long-term perspective, BTC has entered a temporary adjustment phase in a completely upward trend. It's supported by the current price range, and attention is focused on whether it can resume the rise again to $14,000.
From the latter half of July to August, we have avoided the plunge many times, but this W bottom is the starting point. Again this time, starting from this W bottom, it is important to see if the price can be pushed up from here.
Currently, they are in a state where they are competing in a chart pattern called the descending triangle, which cuts down the high price with a constant low price, and the key is to be able to clearly break above the high price devaluation line and the $11,550 horizon.
If you exit this line, I would like to set the loss cut line at $11,550 and then move up to $12,000.
On the other hand, if you fail this challenge and break out of the triangle pattern, you may drop to the horizon of $10,900 or the horizon of $10,500.
From a long-term perspective, BTC has entered a temporary adjustment phase in a completely upward trend. It's supported by the current price range, and attention is focused on whether it can resume the rise again to $14,000.
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