Bitcoin formation of a bullish reversal pattern.

30 Sep

Bitcoin price is aiming to close September with a 4.50% monthly gain, signaling the potential end of the recent correction phase and the formation of a bullish reversal pattern.

Technical Analysis:
BTC is currently testing a key mirror resistance level after a strong rally. Despite the recent upward momentum, the price has so far struggled to extend its growth beyond this zone.

If Bitcoin manages to break above the critical 114,000 resistance, the market structure could shift to a bullish reversal, confirming the end of the corrective phase. In such a scenario, the next resistance level to watch would be around 116,000, where further bullish momentum could push the price higher.

You may find more details in the chart.
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