BTC/USD (Bullish Pattern Confirmed)

BTC/USD (Bullish Pattern Confirmed)

BTC/USD (Bullish Pattern Confirmed)

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
PolarHusk

💎Technical Analysis Summary💎

BTC /USD

-Finally, the bulls showed up after a double bottom reversal pattern is confirmed
-This pattern is also a confluence of a descending bullish channel
-Which is trading in the key area of interest around the 40k dollar zone
-Currently, BTC is testing the mid resistance level at 48k dollar
-If the bulls will continue to go higher, the next stop is the recent swing level at 52k dollars
-Congrats for the bulls today, all they have to do is to consolidate and stay above 44k to stay strong
-I’ll start looking for coins that haven’t move any significant or are ready for a potential upside reversal
-Stay safe and good luck everyone!

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