Bitcoin breaking out of a falling wedge pattern...
If bitcoin can break and hold it likely means further gains in the near term.
It's currently breaking out of falling wedge pattern on the daily chart.
Check it out:
(Source: https://twitter.com/rovercrc/status/1565625829572444160/photo/1)
If it can hold this breakout, it likely means more gains ahead in the near term.
What do you think, will it hold?
I think it's will take long time until we will see Bitcoin getting back to $40k and more
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The longer it takes, the more cheap BTC you can buy.
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I don't think it has reached the bottom support yet. Agree on the point about earnings coming forward but not straight away :P https://steemit.com/@jondoe don't you think so?
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Yea not look like it wants to hold it so far... pulling back to the trendline already. We will see if it can hold in the coming days...
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Great Crypto post. We've reshared it.
🙏🔁👍
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Upvoted! Thank you for supporting witness @jswit.
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Yes! even Steem is following a similar pattern, do you think it could work out? I feel due to the current negativity in the market, it's going to be extremely difficult but still possible.
Source
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I agree with you. The overall macro picture may make it difficult for this to work out, but you never know. Often markets bottom long before the news actually turns good again...
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