Diamond pattern continue to form on Bitcoin

03.01.2022 6:15 pm

Hello, everyone!

Yesterday we told about the forming Diamond on Bitcoin, but it’s bands changed. The new Diamond you can see on the chart. The Diamond can be the trend reverse or continuation pattern. First of all we should observe which side the the price choose for the breakout. The Bullish scenario confirmation is the $48500 price level breakout. In this case the final target is $51500. The Bearish scenario will be finally confirmed if the price break below the $45700. In this case the price is going to reach the $42700.

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