OP is still at/near the pattern completion zone of the potential Bullish Butterfly Harmonic Pattern. It's not perfect, but there is definitely an "M-shape" there and sellers are failing to push the price below .63 cents now for multiple months, which is a key level that goes all the way back to 2022. However, market participants are unable to create any local higher highs, which is somewhat concerning. Overall, it is probably more of a neutral likelihood of up vs. down here, but there is a lot of upside if market participants can keep the price above 63 cents long enough. Something to keep an eye on. Let's see what happens. It will be dependent on BTC not dumping here soon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.