What Happens in Bitcoin after Double Bottom Bitcoin Chart Pattern?
A double bottoms chart pattern is a bullish bitcoin trend reversal cryptocurrency signal which signals the current downward market is about to reverse once the double bottoms bitcoin pattern is confirmed.
The double bottom cryptocurrency pattern is a pattern with 2 consecutive lows where the second low is slightly higher than the first low which signals the downward bitcoin trend is losing momentum & if the bitcoin price of the bitcoin instrument rises above the resistance level which is the high between the two lows then the double bottoms pattern is considered confirmed & the bitcoin price of the bitcoin instrument changes into a bullish trend.
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