Possible Double Bottom - Bitcoin showing positive signs

Bitcoin showing positive signs so far.
A "Double Bottom" is a Bullish reversal chart pattern that is found at end of a downtrend.
We still need to observe the next hours of price action.
Looking for a breakout at the neckline.
Possible quick play up to 7930.

Comentário:

The 7530 region was defended x4 times (showing it was a key area of interest) until eventually, we unfortunately broke below (but not too far).
As mentioned before, we need to observe at this time for confirmation of a bottom and reversal.
Bullish: Cross 7800
Bearish: Break 7300

Comentário:

May main bottom target of these past days/weeks was constantly 7200-7300, which we hit right in the middle of today.
I see more volume here than we've seen in a while (which is a good sign). Still, we must observe further before attempting to predict next targets.