Cryptocurrency News

Potential Bitcoin price double-bottom could spark BTC rally to $30K despite ‘extreme fear’

08/31/2022

Less than a minute

2022.08.31 15:22

Potential Bitcoin price double-bottom could spark BTC rally to $30K despite ‘extreme fear’

Bitcoin’s (BTC) price may climb by more than 50% in September, a month otherwise considered ominous for the cryptocurrency due to its poor historical returns.

The conflicting upside signal comes from a potential double-bottom pattern on Bitcoin’s longer-timeframe charts against the United States dollar. Double-bottoms are bullish reversal patterns that resemble the letter W due to two lows and a change in direction from downside to upside.

08/31/2022

Less than a minute

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