TraderEye Market View: Bitcoin is on its way back from the correction

Wednesday, July 24, 2024

Bitcoin is on its way back from the correction

Bitcoin has completed a wedge pattern on the hourly chart and we are preparing for the breakout of the pattern upwards towards the continuation of the upward trend, a trend which can also receive support from the beginning of trading in the ethereum ETFs in the last few days.

Attached is an hourly chart of the Bitcoin price showing the structure of the pattern on the Bitcoin price:

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