This Bullish pattern can trigger Bitcoin price rise to more than 30%

Bitcoin was under pullback effect until today as Bullish pattern that can trigger Bitcoin price rise to more than 30%.

Bitcoin price today is $44,222.35 USD with a 24-hour trading volume of $25,044,235,022 USD.  Bitcoin is up 3.77% in the last 24 hours with a market cap of $838,409,496,159 USD. It has a circulating supply of 18,958,956 BTC coins.

Source: Tradingview

Bitcoin: Analysis

Bitcoin has formed an inverted Head and Shoulder on the daily time frame. The price movement has completed the pattern yet it awaits the confirmation. After we have a confirmation above the local resistance level, the price might explode as high as 30%, if it doesn’t get trapped and make side ways movements. Bitcoin has a good support at $41,300 and the resistance of $46,300 could be bothering for the bulls.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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