It appears that the correction in Bitcoin has concluded. In my earlier analysis, I anticipated a retracement to the range of 50,000 to 55,000 dollars, but Bitcoin has shown remarkable strength. Additionally, upon examining the 4-hour chart, I observed a ruptured triangle pattern with significant accumulation occurring within. These combined factors serve as a compelling signal to consider buying upon a retest of the upper trend line of the triangle pattern.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.