Bitcoin - A Bear Market Bottom?
In this chart I note the completion of an Inverse Head and Shoulders pattern that and a bullish Inside Bar formation following the 15.5k low.
I consider the line of support offered within the Fibonacci Channel that has defined the entire Bitcoin bear market to date and wonder if this is not a natural bottom for Bitcoin.
What do you think? Is the bottom in? Or are we still yet to see the rug pulled again and new lows form?
I consider the line of support offered within the Fibonacci Channel that has defined the entire Bitcoin bear market to date and wonder if this is not a natural bottom for Bitcoin.
What do you think? Is the bottom in? Or are we still yet to see the rug pulled again and new lows form?
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.