Double-bottom reversal pattern

Feb 15, 2023

After Bitcoin's positive reaction to the support of the $21,500 range, and the formation of a double-bottom reversal pattern, there was another attempt by buyers to push the price higher. With the breaking of the ceiling of the range channel, the price of Bitcoin hit the second resistance in the range of $22,290 to $22,500, and a negative reaction to this resistance has also been observed. Still, the short-term trend of Bitcoin can remain in the range. And until one of the main levels in the ranges of $22,800 or $21,500 is broken, the fluctuations within this range will continue and these fluctuations can have a high intensity.

Feb 16, 2023

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