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 - FollowUp

Link to Bitcoin is on its way back from the correction

Examining the wedge pattern in a larger picture makes it possible to understand that the wedge actually constitutes leg e in a larger pattern of a converging triangle that was a stopping point to store forces for the continuation of an expected upward movement of the bitcoin price.

Attached is a link to the original forecast as well as an hourly graph of the Bitcoin price showing a combination of two technical patterns:

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