BTC is drawing the road to escape
Bitcoin price on the way of drawing a double bottom formation on the intraday basis, with confirmation line located at 592.90, so, breaching this line will activate the positive pattern that has targets reach near 650.00 initially.
A positive overlapping signal on stochastic could be a motive to breach the neckline, while on the wider time frames, (you can zoom out the chart and see the coordinates) , this breach could represent the key to exit the dominant short term correctional trend that was started recently ...
That's why the current areas could be the next destination key for Bitcoin ... The bullish trend could be revived.
A positive overlapping signal on stochastic could be a motive to breach the neckline, while on the wider time frames, (you can zoom out the chart and see the coordinates) , this breach could represent the key to exit the dominant short term correctional trend that was started recently ...
That's why the current areas could be the next destination key for Bitcoin ... The bullish trend could be revived.
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