Bitcoin Price Analysis: Double Bottom Pattern in Play!
馃憠 Double Bottom Alert: Bitcoin is showing a potential double bottom pattern on the 4-hour chart, signaling a possible reversal.
馃憠 Key Resistance: Watch the $96,500 zone. A break and close above this level could lead to a bullish rally towards $98,000.
馃憠 Downside Risk: Failure to breach $96,500 may trigger a decline, potentially testing the $90,000 support zone.
馃搶 Action Plan:
Monitor price action around the $96,500 resistance zone.
Consider taking positions based on confirmations of either a breakout or a pullback.
馃毃 Disclaimer:
This post is for informational purposes only and not financial advice. Always perform your own research before making trading decisions.