๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐๐๐ก๐ง๐ข๐๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: ๐๐ฌ $๐๐๐๐ ๐๐๐ฑ๐ญ ๐๐ง ๐๐ข๐ง๐?
โก๏ธ A Classic Pattern Emerges: Double Bottom
Bitcoin is flashing a strong reversal signal โ the Double Bottom โ a pattern that often marks the end of bearish pressure and the start of a bullish push.
โก๏ธ Key Technical Levels:
โข Bottom 1: 106,800 USDT (May 23)
โข Bottom 2: 106,600 USDT (May 25)
โข Neckline: 109,000 USDT (Broken)
โข Current Price: ~109,400 USDT
โข Target: 112,000 USDT
โก๏ธ Breakout Confirmation:
Bitcoin has broken above the neckline with strong volume, showing rising bullish momentum. If 109K holds as support, the next leg toward 112K becomes increasingly likely.
โก๏ธ Why It Matters:
โDouble bottoms are where the market says: Weโve sold enough. The second bottom tells us buyers are back โ but not all patterns work out. Risk management is key.โ
โก๏ธ Final Take:
Patterns are like maps โ you still need to drive with discipline. For smart traders, this could be the moment to prepare for a ride toward $112K and beyond.
