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Bitcoin (BTC) technical analysis

Oleh SaeedSalehinia
Bitcoin went almost according to the previous analysis. Now, the downtrend line is broken along with RSI and Stochastic indicators’ downtrend line. The candle that broke the downtrend line is a strong one and shows that the coming uptrend will probably be strong. However, the 30K area which is a strong magnet area still could pull Bitcoin down. Moreover, if Bitcoin goes up, there is a high possibility that a mirror triangle pattern (like the one on the chart) occurs, and Bitcoin bounces from the green horizontal line.
Bitcoin (Cryptocurrency)BTCCryptocurrencyHarmonic PatternsTrend Analysis
SaeedSalehinia

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