4-Day Crypto Countdown: Bitcoins Last Chance to Hit $32K by First Half 2023!

By Lola Coin Jun 26, 202354Views

With only four days left in the first half of 2023, the crypto market is eagerly watching Bitcoin’s performance. The high timeframe BTCUSD chart is showing potential for a bullish reversal pattern, but it has yet to surpass the trigger point at $32,000. This pattern, known as a morning star, is particularly significant due to its occurrence within the 6M candlestick, which represents a long period of price action. Bitcoin must rise above $32,000 by the candle close to solidify a reversal across the crypto market. Currently, it is facing resistance at this level, which is the 50% retracement point of the previous uptrend. However, if the morning star pattern confirms and Bitcoin surpasses $32,000, it could potentially reach and surpass its former all-time highs in the next several candles.

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