Bitcoin Price is Still in Bowl Pattern

over 1 year ago

Even Bitcoin price went down from 20500 to 25500, there is no breakdown on bowl pattern. This patter is being drawn since November 2022. It supported Bitcoin price lots of times..

Even lots of altcoin are down and at the lowest level in 2023, Bitcoin price is still on bullish trend. If we see Bitcoin price below this support line, we may enter bearish season again..

It may be good level to pick up Bitcoin or It may be beginning of mega bearish trend..

Ekran Resmi 2023-05-13 18.49.32.png

Here you can see daily chart of Bitcoin. I think Bitcoin price will not break down this support line. Indicator are on the bottom and trying to reversing, Bitcoin price is close to support line. So, Bitcoin price may go up again...

Ekran Resmi 2023-05-13 18.52.48.png

So, it may be last bullish round of Bitcoin. It may be time to convert cash..

We will see..

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3 comments

@pixresteemer 71

over 1 year ago

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over 1 year ago

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@sahidclement10 60

over 1 year ago

images (15).jpeg Source

@chorock
In a situation where it breaks the support line, New investors can easily capitalize on the advantage. But old investors would be at the disadvantage side.

My money is on Altcoin, so i should be more worried with what concerns me.
Great post by the way.

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