#BTCRebounds95K
Bitcoin Double Bottom Pattern Playing Out!
Bitcoin (BTC) is gaining momentum, with the double bottom pattern indicating a potential bullish breakout. The main resistance lies at $99,900, which serves as the neckline for this bullish setup.
On the downside, the key support level is at $92,000, which has been holding well and forming the base of the pattern.
Key Observation
Despite the bullish structure, the monthly red shooting star candle indicates slight bearish pressure, suggesting caution in the short term. Traders should closely watch these levels for confirmation of the next move.
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Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always do your own research before investing.