Bitcoin showing some Bullish price action here. Nice double bottom formed @9,075.66. I had originally thought that this rectangle would play out to the downside. But the with the price action over the past few days with BTC trending back above the 20 & 50 EMA, as well as starting to breakout above this rectangle. Looking to test descending resistance coming from our two previous highs, a break of that should give us a retest of our high set in June of 13,868.44. Is this the start of Bitcoin rallying back to ATH's over 20k? Time will tell... But for now, looking at a potential 25% return :)
Trade at your own risk!
-jnarzzz
Trade at your own risk!
-jnarzzz
Zlecenie aktywne:
We reached our first price target perfectly! Watching for continuation as we may be getting some Stock Market volume from today's dump.