BTC price after strong breakouts of $8000 and $7800 levels (the ones of declining trend) faced a strong support of $7400 and rebounded from this level, making the price consolidating above it.
Just closed my modest short trade at $7550.
However, if we consider an upcoming halving tendency that is supposed to trigger the price growth.
Furthermore, at 1D timeframe the double bottom pattern is forming. If it is formed the price may increase. A kind of last resort.
Your projections, guys?
Just closed my modest short trade at $7550.
However, if we consider an upcoming halving tendency that is supposed to trigger the price growth.
Furthermore, at 1D timeframe the double bottom pattern is forming. If it is formed the price may increase. A kind of last resort.
Your projections, guys?