BTC Double Bottom Suggests Target Price of $100,600
The daily chart of BTC has formed a typical double bottom, confirming a breakout above the neckline resistance level of $88,818. It is expected to reach $100,575 or higher.
Meanwhile, the 50-day and 200-day Exponential Moving Averages (EMA) have turned into support levels, providing additional assurance for an upward trend.
Trading volume has remained stable after the breakout, indicating that buyers are still in control. This lays a solid foundation for Bitcoin to reach $100,600.
#BTC
The daily chart of BTC has formed a typical double bottom, confirming a breakout above the neckline resistance level of $88,818. It is expected to reach $100,575 or higher.
Meanwhile, the 50-day and 200-day Exponential Moving Averages (EMA) have turned into support levels, providing additional assurance for an upward trend.
Trading volume has remained stable after the breakout, indicating that buyers are still in control. This lays a solid foundation for Bitcoin to reach $100,600.
#BTC
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BTC
94,565.21
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