Bitdealer

Potential Rounding Bottom For Bitcoin

BITMEX:XBTUSD.P   Bitcoin
Overall this looks like a potential rounding bottom pattern. Price action has been beautiful lately compared to the last few months. Historically 6k has been a well defended area for Bitcoin. Take into consideration that we have also set the first higher low of the year. Alts also seem to have potentially bottomed out. Of course there is no way to tell if they have & they might still fall but it is nice to see them moving along with Bitcoin as opposed to July when alts too major hits while BTC ran. I'd love to hear your thoughts and opinions on if you think this is potentially the bottom.

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