IvoSqueeze

Bitcoin - Expanding diagonal 📐👩‍🚀🚀

Long
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Bitcoin has reversed the short-term trend, which was showing significant selling pressure, thus liquidating the bears who aimed to drive the price down to $44,000 per bitcoin.

Following this trend reversal, we find an expansive diagonal in the price of bitcoin indicating strong buying pressure, and within it, we can observe an entry into the ABCD harmonic pattern.

All signs point to new historical highs and what appears to be the beginning of the much-anticipated altcoin season!
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.