A clean Double Bottom often precedes a big move. Validate your entry.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
Traders are watching Bitcoin Cash (BCH) as price action tightens. With a last close of $382.22, volatility remains active (2.56%). Price action has carved out a classic Double Bottom. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $486.96, targeting $620.22 with support near $420.33 (R:R 2.0).
What is your outlook on BCH?