BTCUSD ❕ double bottom
50MA crosses up 200MA on the 1H Timeframe.
During the movement in the descending channel, the price formed a pattern of double bottom, and then on high volumes broke the descending channel and the support level.
Now Bitcoin is correcting on declining volumes.
I expect that the price will test the support level, consolidate above it and then continue to grow to the target indicated on the chart.
During the movement in the descending channel, the price formed a pattern of double bottom, and then on high volumes broke the descending channel and the support level.
Now Bitcoin is correcting on declining volumes.
I expect that the price will test the support level, consolidate above it and then continue to grow to the target indicated on the chart.
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