The triangular pattern
Bitcoin has been very volatile in the past 24 hours.
The buying pressure initially caused the price to re-enter the $25,000 channel. But because the price is in the trading range, the breakout was a fake, and we saw a quick pullback to one of the key near-term supports.
This support, considered in the range of $23,600-$23,900, not only prevented the price from falling further but also reacted strongly, bringing the price of Bitcoin back to the $24,000 channel.
Bitcoin's movement is completely within the 1-hour time frame and is also being ranged in the four-hour time frame.
In general, by breaking the top or bottom of the triangular pattern, We can predict the following movements.
The buying pressure initially caused the price to re-enter the $25,000 channel. But because the price is in the trading range, the breakout was a fake, and we saw a quick pullback to one of the key near-term supports.
This support, considered in the range of $23,600-$23,900, not only prevented the price from falling further but also reacted strongly, bringing the price of Bitcoin back to the $24,000 channel.
Bitcoin's movement is completely within the 1-hour time frame and is also being ranged in the four-hour time frame.
In general, by breaking the top or bottom of the triangular pattern, We can predict the following movements.
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🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
💎 We believe that everyone can trade and deserves the opportunity to succeed in the world of cryptocurrency and take advantage of its potential.
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
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