💰 Bitcoin

Over the past 24 hours, the price of the first cryptocurrency showed positive dynamics. There is a recovery after another local drawdown.

Let's consider the timeframe of 4 hours. There is an entry to the formation of a reversal formation "double bottom" 🐂, which indicates the potential growth of the price. The formation is occurring under the level at ~$58,250 and above the trendline support.

The formation will be confirmed when the conditional neckline level is broken. In this case, I am confused only by sharp volume spikes at the first and second extrema of the pattern 📊

Locally, a good argument for upward movement is formed, but we need to wait for its confirmation for longing 📈

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