Three reasons why bitcoin's recent bounce could be the start of a bigger bullish move
Frank Cappelleri takes you through multiple charts on the cryptocurrency's recent move.
TL;DR
- Bullish chart patterns, which had previously failed, are now showing effectiveness, signaling a potential uptrend.
- The current weekly chart structure is similar to the one observed from late 2022 to early 2023, which led to a substantial rally.
- Bitcoin's long-term uptrend, originating from a key rising trendline, remains intact, and momentum is improving with recent significant monthly gains.