Bitcoin is repeating its structure since
So, it's still in bearish mode.
if it failed its pattern then it seems to be uptrend.
in this pattern channel is creating and breakout towards down..
but the demand is increasing slowly..
and it's a liquidity bottom
If,
the breakdown on upward after channel it may be consider as an upward trend also demand must be powerful..
So, it's still in bearish mode.
if it failed its pattern then it seems to be uptrend.
in this pattern channel is creating and breakout towards down..
but the demand is increasing slowly..
and it's a liquidity bottom
If,
the breakdown on upward after channel it may be consider as an upward trend also demand must be powerful..
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.