TraderEye Market View: Bitcoin price forecast

Monday, November 4, 2024

Bitcoin price forecast - continuing the trend ?

Bitcoin broke a daily wedge pattern, came back to test the resistance level of the breakout as a support level this time and may now allow itself to continue the breakout trend.

Attached is an hourly chart of the Bitcoin price showing the correction towards the daily support level of the large wedge which is made with a bullish hourly wedge pattern:

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