Is a Bullish pattern forming?
#BTC
On the weekly chart, what has long been forming and completing in terms of classical technicality is a pattern that promises us a rise in the price of Bitcoin this year. The period of time when the price history of change is shown in the support area and has the maximum price and then the decline, accompanied by the occurrence of the so-called fundamental, gives us hope that this year the highest price level will finally be broken and new levels of the price will be formed. Personally, I reject the price reaction pattern of the second leg down to the area of 9000-13000 according to the above explanation but there is also a possibility that the price will move quickly from this level to new levels.
On the weekly chart, what has long been forming and completing in terms of classical technicality is a pattern that promises us a rise in the price of Bitcoin this year. The period of time when the price history of change is shown in the support area and has the maximum price and then the decline, accompanied by the occurrence of the so-called fundamental, gives us hope that this year the highest price level will finally be broken and new levels of the price will be formed. Personally, I reject the price reaction pattern of the second leg down to the area of 9000-13000 according to the above explanation but there is also a possibility that the price will move quickly from this level to new levels.
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