TraderEye Market View: Follow-Up Analysis: Bitcoin Price Strengthens After Morning Star Pattern and Harmonic Shark Support

Saturday, January 4, 2025

Follow-Up Analysis: Bitcoin Price Strengthens After Morning Star Pattern and Harmonic Shark Support

In line with the forecast presented in the original article, the daily Morning Star Japanese reversal pattern indeed proved effective. Over the past few days, Bitcoin has exhibited notable price strength, confirming the bullish potential of this pattern.

This movement has unfolded over a significant Harmonic Shark pattern, with a critical 1.13 support level. This level has provided consistent support for Bitcoin's price over a relatively long period and has demonstrated its reliability during this recent rally.

To provide further clarity, I have included an updated daily chart of Bitcoin's price, showcasing the recent upward movement and the interplay between the Morning Star pattern and the Harmonic Shark support.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. The author is not a licensed financial advisor or portfolio manager. Readers bear full responsibility for any use of the information provided.

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