BTC Potential Bull Or Bear Set Up

Oct 2, 2023

Thought this looked kind of interesting, I have a Renko chart on the daily with a brick size of 1000 to keep it a longer term and simplified view. There is potential that we could be developing two different patterns. We are starting to bounce off support and looks like a potential double bottom. Thing is we either have that double bottom and break the resistance and that is giving a technical price target near 36k or we build a right shoulder and complete a potential head and shoulders pattern which has a technical price target near 21k. I would expect some interesting market movement in the coming future.