The formation of a triple bottom pattern in the market of $BTC
In the range of $62,000-$64,000 is a significant technical phenomenon that can have important implications for investors and traders. This pattern is characterized by three consecutive lows at a similar support level, indicating a strong defense of that level by buyers.
Technical explanation:
The triple bottom pattern is formed when the price of an asset, in this case Bitcoin, touches a support level three times without breaking it. Each time the price approaches this level, buyers step in to prevent it from falling further. Check the comments 👇
