📈 Daily TA: Bitcoin (BTC/USD)

Hello, dear members of LeoFinance!

I want to outline something very interesting in the price chart of Bitcoin.

In the weekly chart (1W), it seems that BTC/USD is going to form a Hammer: According to Technical Analysis theory, Hammer candlesticks form usually at the bottom of price correction and they indicate a potential price reversal to the upside. So, let's hope that this is the beginning of the uptrend renewal.

To be continued ...

As of the time of writing, one Bitcoin costs $37720,75 on the Bitstamp crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Bitcoin (BTC/USD) | 13-06-2021