According to the experienced analyst, a very well-known bull formation has formed on the daily chart of Bitcoin (BTC).
Market analyst Jake Wujastyk posted on social media Feb. 2 in the postincluded an analysis that excited Bitcoin investors.
Wujastyk on Bitcoin’s daily chart reverse shoulder head to shoulder (TOBO) He pointed out that the formation was formed, implying that this well-known bullish signal cannot be ignored:
An inverse head and shoulders has formed on the daily candle chart as the Bitcoin price closed above the volume zone today.
TOBO, which is frequently referenced in money markets, is known as the appearance of an investment instrument before significant increases.
TOBO formation for investors the beginning of a potential uptrend It gives signals about. A buy signal may occur when the formation is completed and the price exceeds the neckline.
According to CoinGecko data, in the last 24 hours 2.1% increase Bitcoin exhibiting, at the time of writing from $43,043 is being traded.
Famous Trader Pointed Attention to the Structure in Bitcoin: Price Target is 45 Thousand Dollars! The article titled was prepared by Tugay Erdem and published on koinbulteni.com.