Table of Contents
In our previous Bitcoin analysis Upside Rally For Bitcoin Very Possible. Watch This Key Pattern, we talked in-depth about the Horizontal Channel Pattern the BTC price is currently trading in on the 15 minutes timeframe, and how this unique pattern can help us better understand what the price is doing right now and what we might expect next.
Well, that pattern is still very valid, and right now, the BTC price is providing us an even clearer picture of what might be happening right now!
The new key pattern we are watching is a Triangle Pattern clearly visible in the 15 minutes timeframe.
In this Bitcoin analysis, we will be breaking down the importance of this Triangle pattern to Bitcoin bulls and what we expect to happen next.
To trade BTC with leverage, sign-up to Bybit right now! Bybit’s BIGGEST Bonus Campaign is now live! You can get up to a $4,450 Bonus and up to 30 days of 0% Maker fee when you sign-up and fund your Bybit account with our Bybit link
Should We Be Expecting A Price Bounce Soon?
For the past couple of weeks now, the Bitcoin price has always found support at the same level. The price is currently testing this level again and there is a very high probability that history will repeat itself on the 15 minutes price chart.
If this key support continues to hold, there is a very high probability that we might see a bullish rally in the BTC price in the coming days. This is a potential +4% surge in the value of Bitcoin.
Final Verdict!
The Bitcoin price is currently testing a major level in the 15 minutes timeframe.
This level has been able to serve as adequate support for the BTC bulls for the past few weeks and might do so again in the coming days. The question now is will it hold?
Easy Steps From Beginner To Pro Crypto Trader
You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders who wants to get familiar with the basics of Bitcoin trading. You can also check out our top list of Best Bitcoin Exchanges To Trade With.
PrimeXBT Covesting: Trade Hassel Free
Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 25% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link PrimeXBT Covesting
