Bitcoin is currently displaying a bullish broadening formation, indicating potential for upward movement. This pattern, characterized by expanding price swings, suggests increasing volatility and a possible breakout to higher levels. Traders should watch for confirmation signals, such as a break above resistance, to capitalize on this bullish scenario. Stay alert to market indicators and volume spikes that could support a strong upward trend.
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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.