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Bitcoin takes out interim double bottom

17 Feb, 2022

A short while ago an update here noted that Bitcoin had seemingly found a base just below 43k. That base was defined by a very short term double bottom that had been put in place today. Well, that double bottom has literally just now been busted. The break below 42,970 has now extended to as low as 42,526 as this update is being typed. As stated here earlier, the next really quite important support level is the low set on February 14, at 41,582. If that cracks, then we could be looking at another test of 40k once again. Bitcoin is just now trading at 42,655
 

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