-
Bitcoin Price Forecast: Weak Reaction to Upside Breakout
video Bitcoin remains in a correction that looks to be getting closer to completion. Last week, Bitcoin triggered a breakdown from a potential bull wedge pattern on a drop below the lower boundary line of the pattern (dotted blue line). Subsequently, it found support at 56,500 and bounced. That low completed two targets, a 50% trend retracement, and the completion of a falling extended ABCD pattern. Last Friday’s bullish reversal from an inside day confirmed the low as it wasn’t clear it would be a swing low until then. chart 20-Day Moving Average Recaptured: The subsequent rally off last week’s low reached ... (full story)