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Connix
Jul 12, 2023 7:56 PM

Bitcoin Patterns  

Bitcoin / United States DollarCoinbase

Description

Bitcoin hasn't done much recently. Price holding well around the 30k mark.
However personally I believe we are due a retrace, especially at these levels (see my other tradingview posts)

The thick blue downtrending line is a longterm support/resistance from last bullmarket. Struggling to close a daily candle above.

Shortterm.
I'm looking at a traingle pattern (white) has a higher chance of breaking to the upside.
The downtrending parralel channel (yellow) is also reacting rather nicely.

I will try and update once we breakout.
NOT FINACIAL ADVICE.


Comments
Tradersweekly
Indeed, Bitcoin has not been doing much in the past month, just staying choppy within the range between $30,000 and $31,500.
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