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What is Bitcoin Retracement Explanation?

The bitcoin price doesn't move upward or downward in a straight line. Instead the bitcoin price moves up or down in a zig-zag setup called a bitcoin trend

Upward trend - bitcoin crypto currency price moves upwards in a btcusd crypto trend then it pulls back before it resumes the upward bitcoin crypto trend direction

Downwards btcusd crypto trend - bitcoin price moves down ward in the bitcoin trend direction & then retraces before resuming the downward bitcoin trend direction.

What Does Bitcoin Retracement Mean? A bitcoin price retracement is a pullback of the bitcoin price before the btcusd market resumes the original bitcoin trend movement.

Bitcoin Retracement Explanation & Bitcoin Retracement Definition - Examples of a Bitcoin Retracement Pattern

What Does Bitcoin Retracement Mean? - Retracement Explanation & Retracement Definition

What Does Crypto Retracement Mean? - Retracement Explanation & Retracement Definition

Explanation of Bitcoin Retracement Pattern

1-2: BTCUSD Crypto Price Moves Up - BTCUSD Crypto Trend Direction

2-3: Bitcoin Crypto Currency Price Retracement

3-4: Bitcoin Crypto Currency Price Moves Up - Bitcoin Crypto Currency Trend Direction

4-5: Bitcoin Crypto Currency Price Retracement

5-6: Bitcoin Crypto Currency Price Moves Up - Bitcoin Crypto Currency Trend Direction

The retracement definition of bitcoin price is described on the above example - this represents a bitcoin retracement in an upward market trend.

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