Crypto Analyst: Bitcoin Price Chart Shows Textbook Bump and Run Reversal Bottom7.6

Bitcoin price is at a critical juncture. The price of the first ever cryptocurrency has rallied far enough away from the current bear market low of $3,150 to give bulls confidence that the worst is behind them, but is still shy of a break of $6,000 that would confirm the bear market is over.

As traders, investors, and analysts review Bitcoin price charts to better determine if the bottom is indeed in, one particular crypto analyst has discovered similarities between Bitcoin’s price chart structure and that of textbook examples of a bump-and-run reversal bottom. Examples from the textbook provided by the analyst could help crypto traders understand what two scenarios could play out in the coming days for Bitcoin.

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