Potential Bitcoin price double-bottom could spark BTC rally to $30K despite ‘extreme fear’
The selling pressure in the Bitcoin market is not as bad as it was during the Terra and Three Arrows Capital crises.
Bitcoin’s (BTC) price may climb by more than 50% in September, a month otherwise considered ominous for the cryptocurrency due to its poor historical returns.
BTC price double-bottom and then to $30K?
The conflicting upside signal comes from a potential double-bottom pattern on Bitcoin’s longer-timeframe charts against the United States dollar. Double-bottoms are bullish reversal patterns that resemble the letter W due to two lows and a change in direction from downside to upside.
Learn More In This Link: