1033: Bitcoin Double-Bottom Can Spark BTC Rally to $30K Despite ‘Extreme Fear’!

Bitcoin price double-bottom and then to $30K? The conflicting upside signal comes from a potential double-bottom pattern on the BTC 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. Meanwhile, a double-bottom’s upside target is found after measuring the distance between the pattern’s peak (neckline) and lowest levels and adding the outcome to the breakout point, as illustrated below. In other words, a potential 50% price rally taking the king crypto to the $30K level. Learn more about your ad choices. Visit megaphone.fm/adchoices