Bitcoin has already formed a base. Next, we’ll set up our long-term plan.



Bitcoin has bottomed out in the short term. As long as the key level of 58,000 is not broken, it’s a case of one party playing its part and the other taking over—now it’s time for the bulls to step up. With the rounded-bottom pattern, a spiral upward climb is underway; this is the bottoming formation.

At present, the bullish candle has firmly held above the moving average. The bullish candle started gaining strength from below the moving average. What’s required now is patience—just waiting for takeoff.

Trading suggestion: 58,500; go long at 60,000. Targets: 67,000; 75,000; 82,000.
BTC-0.41%
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