TraderEye Market View

Tuesday, August 13, 2024

Link to - Traders are waiting for a significant move in Bitcoin

The price of Bitcoin continues to establish a position of strength while forming a significant daily Japanese pattern of the morning star type, a pattern that may be broken on today's candle and then allow a quick move towards the breakout of the large wedge pattern.

Attached is a daily chart of the Bitcoin price showing the Japanese pattern forming within the technical pattern. Also attached is a link to the original forecast.

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