Analyst, who said that Bitcoin has risen to the upper trend line, shared his expectation!

bitcoin And altcoinThere was a sharp decline last week, while investors were expecting further rises in the market.

circulating around $27,000 for about 1 week BTCAn uptrend started last night.

This rise pushes BTC above $29,000. Ethereum (ETH) It also rose above $1,900.

While investors who came out of a tough bear market are now waiting for the bull market to come, the crypto money analyst named Trader Tardigrade said that the investors have come to the signal that the bear market is over in BTC.

Stating that Bitcoin clings to a solid support above the $27,000 level after days of downtrend and finally came out of the downward trend, the analyst stated that BTC has been consolidating above the upper trend line for a while and gaining momentum to throw off the remaining selling pressure.

Pointing out that this is a clear sign of a downtrend reversal, the analyst said, BTC’He also said that an expanding triangle pattern is formed.

“Bitcoin bear market ends with an expanding triangle.

BTC formed a consolidation above the upper trendline (green circle) to remove all remaining selling pressure and then it will rise.”

#Bitcoin bear market ends with a expanding triangle.
After building up a consolidation above the upper trendline(green circle), in order to absorb all the remaining selling pressure, $BTC will take off. #BTC #Crypto pic.twitter.com/2lZDS77OsZ

— Trader Tardigrade (@TATrader_Alan) April 26, 2023

*Not investment advice.