Bitcoin formed an ABC Pattern on the Hourly timeframe
Bitcoin has experienced a bullish recovery following a sell-off that occurred below the highlighted support level. On the hourly timeframe, an ABC pattern has emerged, accompanied by a bullish breakout on the trendline. As a result, there is an expectation for the bullish trend to continue towards the recent highs at $27,250 and $28,100. However, it is worth noting that the major daily trend is acting as a resistance, and it is necessary to confirm a bullish breakout on this trendline in order to anticipate a move towards the target of $28,100.
