Let's analyze the market step by step on the daily timeframe. Currently, the situation looks positive, and we can rely on multiple patterns:
1. **Primary Uptrend**:
- We have a primary uptrend originating from the 25000 level that has not been broken yet.
2. **Double Bottom Pattern**:
- There is also a double bottom pattern around the 57000 level.
Based on these observations, we expect a bounce and anticipate that Bitcoin will maintain the 57000 level.
1. **Primary Uptrend**:
- We have a primary uptrend originating from the 25000 level that has not been broken yet.
2. **Double Bottom Pattern**:
- There is also a double bottom pattern around the 57000 level.
Based on these observations, we expect a bounce and anticipate that Bitcoin will maintain the 57000 level.
ALSEIF
Disclaimer
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.
ALSEIF
Disclaimer
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.