TraderEye Market View: Short term bitcoin price forecast

Thursday, November 7, 2024

Short term bitcoin price forecast

A bullish symmetrical converging triangle pattern is forming on the Bitcoin price chart and may predict the end of a short position before the continuation of the uptrend that started significantly with the breakout of the large daily wedge pattern that has been reviewed on the blog several times in recent months.

Attached is a graph of the Bitcoin price in a 5 minute time frame.

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