Is Bitcoin's "bottom" reached?
Is Bitcoin's "bottom" reached?
Bitcoin Descending Triangle Analysis 🔥
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would be sustained.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 19150. If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $20000, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $18800
Volume Profile View - Good volume has been added at the bottom level
Hope for recovery
Happy Trading
Bitcoin Descending Triangle Analysis 🔥
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would be sustained.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 19150. If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $20000, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $18800
Volume Profile View - Good volume has been added at the bottom level
Hope for recovery
Happy Trading
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Publications connexes
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.