Bitcoin Price is on Same Pattern As 38K

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There is similarity between 42K and 68K. After ETF news Bitcoin price went down from 47K to 38K and entered consolidation. Today Bitcoin price is on 68K. Bitcoin price went down from 74K to 62K and broke up downtrend resistance and entered consolidation zone.

After touching the bottom line of Bollinger Bands, Bitcoin price broke up the middle line of Bollinger Bands. It seemed as consolidation before. We may see price pump after this consolidation.

During trading aboe the middle line of Bollinger Band, It may be good to time to cash flow into Bitcoin.

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Here you can see hourly chart of Bitcoin. It is short term analysis. There are channels on Bitcoin price chart. After breaking down uptrend line, Bitcoin touched the next line of channel.

Bitcoin touched the 3rd uptrend line of channels. It should support Bitcoin price. If Bitcoin breaks down uptrend line, We may see Bitcoin price touching 4th uptrend line.

So, Bitcoin should be supported a few hours by 3rd uptrend line.

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I will follow this pattern. We may see past will happen again.

We will see...

Posted Using InLeo Alpha

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So we are bullish from here for alts ?

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