Important Update for Bitcoin 🔥🔥
The battle of bears and bulls on the daily interval
Bitcoin is approaching a crucial moment as two positive patterns are currently on the verge of activation: the ascending triangle and the double bottom. Exceeding $117,500 opens the path towards $132,000, while surpassing $120,000 could push the price up to $140,000.
However, on the other hand, two negative patterns loom: the double top and the inverted cup and handle. Breaking below $112,000 is enough to drive the price back towards $104,000.
The main supports for a rebound are located at $110,000 – $106,000 – $100,000, making any drop below these levels critical.
The coming days will witness a fierce battle between the bulls and bears, as $117,500 – $120,000 forms the resistance wall against $110,000 – $112,000 as a solid support wall.