Bitcoin

Bitcoin (BTC/USD) - Potential Morning Star Candle Pattern Weekly

219
Bitcoin (BTC/USD) has been in an uptrend for over one year, 2023 to 2024, and is currently testing all-time high prices.


A potential Morning Star candlestick pattern (bearish) is forming on the weekly Bitcoin chart.

Bitcoin price may fall in the short-term leading up to the Halving Event in April 2024.


To continue an Uptrend in 2024: Bitcoin needs to breakout and rally above $75000, $80000, $90000.

If not, a pullback is possible for Bitcoin price, and the price could fall down to $60000, $50000, $40000.


Upcoming USA Stock Market Earnings, FOMC Federal Reserve Interest Rate Cuts, and Global Fundamental Catalysts could also affect Bitcoin and cryptocurrency sector volatility.

Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.