{"id":388154,"date":"2019-07-01T06:00:37","date_gmt":"2019-07-01T06:00:37","guid":{"rendered":"https:\/\/uniquehot.com\/?p=388154"},"modified":"2024-06-11T12:53:40","modified_gmt":"2024-06-11T12:53:40","slug":"bitcoin-forming-double-bottom-can-bulls-gain-momentum","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/","title":{"rendered":"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?"},"content":{"rendered":"<ul>\n<li>There was another rejection near the $12,200 resistance in bitcoin price against the US Dollar.<\/li>\n<li>The price revisited the main $10,500 support area and it is currently correcting higher.<\/li>\n<li>There is a key connecting bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair seems to be forming a double bottom pattern near the $10,400 and $10,500 support levels.<\/li>\n<\/ul>\n<p><em>Bitcoin price is holding the main $10,400 support area against the US Dollar. BTC price might start a strong increase if it clears the $11,400 resistance area.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>Recently, there was a <a href=\"https:\/\/uniquehot.com\/2019\/06\/30\/bitcoin-rebounds-nicely-btc-bulls-sighting-next-crucial-break\/\" target=\"_blank\" rel=\"noopener noreferrer \">decent recovery<\/a> in bitcoin price above the $11,500 level against the US Dollar. The BTC\/USD pair even traded above the $12,000 level and the 100 hourly simple moving average. However, the pair struggled to clear the $12,200 resistance area and it recently declined below $12,000 and $11,500. There was even a spike below the $11,000 level and the price settled below the 100 hourly SMA.<\/p>\n<p>However, the main $10,400 and $10,500 support levels acted as a strong hurdle for sellers. Bitcoin remained above the $10,400 support and it seems to be forming a double bottom pattern. It is currently correcting higher above $11,000 plus the 23.6% Fib retracement level of the last decline from the $12,305 high to $10,616 low. On the upside, there is a major resistance forming near the $11,400 level.<\/p>\n<p>Moreover, there is a key connecting bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC\/USD pair. The 50% Fib retracement level of the last decline from the $12,305 high to $10,616 low is also near the $10,460 level to act as a resistance. Finally, the 100 hourly simple moving average is near the $11,650 level to act as a strong resistance.<\/p>\n<p>Once there is a close above the trend line and the 100 hourly SMA, the price could revisit the $12,200 level. On the downside, an initial support is near the $11,000 level, below which there is a risk of a drop towards the $10,600 level. The <a href=\"https:\/\/uniquehot.com\/2019\/06\/29\/bitcoin-rebound-facing-resistance\/\" target=\"_blank\" rel=\"noopener noreferrer \">main support is near the $10,400 level<\/a>, below which the price could accelerate losses.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-388155\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/07\/Bitcoin.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, bitcoin price is likely forming a double bottom pattern near the $10,400 and $10,500 support levels. As long as it stays above the $10,400 level, there could be a fresh increase above the $11,500 and $11,650 levels.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is likely to move into the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is just above the 40 level, with a positive angle.<\/p>\n<p>Major Support Levels \u2013 $10,600 followed by $10,400.<\/p>\n<p>Major Resistance Levels \u2013 $11,400, $11,650 and $12,200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There was another rejection near the $12,200 resistance in bitcoin price against the US Dollar. The price revisited the main $10,500 support area and it is currently correcting higher. There is a key connecting bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair seems to be forming a double bottom pattern near the $10,400 and $10,500 support levels. Bitcoin price is holding the main $10,400 support area against the US Dollar. BTC price might start a strong increase if it clears the $11,400 resistance area. Bitcoin Price Analysis Recently, there was a decent recovery in bitcoin price above the $11,500 level against the US Dollar. The BTC\/USD pair even traded above the $12,000 level and the 100 hourly simple moving average. However, the pair struggled to clear the $12,200 resistance area and it recently declined below $12,000 and $11,500. There was even a spike below the $11,000 level and the price settled below the 100 hourly SMA. However, the main $10,400 and $10,500 support levels acted as a strong hurdle for sellers. Bitcoin remained above the $10,400 support and it seems to be forming a double bottom pattern. It is currently correcting higher above $11,000 plus the 23.6% Fib retracement level of the last decline from the $12,305 high to $10,616 low. On the upside, there is a major resistance forming near the $11,400 level. Moreover, there is a key connecting bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC\/USD pair. The 50% Fib retracement level of the last decline from the $12,305 high to $10,616 low is also near the $10,460 level to act as a resistance. Finally, the 100 hourly simple moving average is near the $11,650 level to act as a strong resistance. Once there is a close above the trend line and the 100 hourly SMA, the price could revisit the $12,200 level. On the downside, an initial support is near the $11,000 level, below which there is a risk of a drop towards the $10,600 level. The main support is near the $10,400 level, below which the price could accelerate losses. Looking at the chart, bitcoin price is likely forming a double bottom pattern near the $10,400 and $10,500 support levels. As long as it stays above the $10,400 level, there could be a fresh increase above the $11,500 and $11,650 levels. Technical indicators: Hourly MACD \u2013 The MACD is likely to move into the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is just above the 40 level, with a positive angle. Major Support Levels \u2013 $10,600 followed by $10,400. Major Resistance Levels \u2013 $11,400, $11,650 and $12,200.<\/p>\n","protected":false},"author":67,"featured_media":328922,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119],"class_list":["post-388154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?<\/title>\n<meta name=\"description\" content=\"Bitcoin price is holding the main $10,400 support area against the US Dollar. BTC price might start a strong increase if it clears the $11,400 resistance area.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price is holding the main $10,400 support area against the US Dollar. BTC price might start a strong increase if it clears the $11,400 resistance area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-01T06:00:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:53:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?\",\"datePublished\":\"2019-07-01T06:00:37+00:00\",\"dateModified\":\"2024-06-11T12:53:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/\"},\"wordCount\":419,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600\",\"keywords\":[\"bitcoin\",\"btc\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/\",\"name\":\"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600\",\"datePublished\":\"2019-07-01T06:00:37+00:00\",\"dateModified\":\"2024-06-11T12:53:40+00:00\",\"description\":\"Bitcoin price is holding the main $10,400 support area against the US Dollar. BTC price might start a strong increase if it clears the $11,400 resistance area.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600\",\"width\":1200,\"height\":600,\"caption\":\"technical analysis bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\",\"name\":\"Aayush Jindal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g\",\"caption\":\"Aayush Jindal\"},\"description\":\"Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/\",\"https:\/\/x.com\/twitter.com\/AayushJs\"],\"url\":\"https:\/\/uniquehot.com\/author\/aayushjindal\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?","description":"Bitcoin price is holding the main $10,400 support area against the US Dollar. BTC price might start a strong increase if it clears the $11,400 resistance area.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?","og_description":"Bitcoin price is holding the main $10,400 support area against the US Dollar. BTC price might start a strong increase if it clears the $11,400 resistance area.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-07-01T06:00:37+00:00","article_modified_time":"2024-06-11T12:53:40+00:00","og_image":[{"width":1200,"height":600,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600","type":"image\/jpeg"}],"author":"Aayush Jindal","twitter_card":"summary_large_image","twitter_creator":"@twitter.com\/AayushJs","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Aayush Jindal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/"},"author":{"name":"Aayush Jindal","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70"},"headline":"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?","datePublished":"2019-07-01T06:00:37+00:00","dateModified":"2024-06-11T12:53:40+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/"},"wordCount":419,"commentCount":0,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600","keywords":["bitcoin","btc"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/","name":"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600","datePublished":"2019-07-01T06:00:37+00:00","dateModified":"2024-06-11T12:53:40+00:00","description":"Bitcoin price is holding the main $10,400 support area against the US Dollar. BTC price might start a strong increase if it clears the $11,400 resistance area.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600","width":1200,"height":600,"caption":"technical analysis bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70","name":"Aayush Jindal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g","caption":"Aayush Jindal"},"description":"Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?","url":"http:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc"],"dateCreated":"2019-07-01T06:00:37Z","datePublished":"2019-07-01T06:00:37Z","dateModified":"2024-06-11T12:53:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Forming Double Bottom: Can Bulls Gain Momentum?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-forming-double-bottom-can-bulls-gain-momentum\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2018\\\/04\\\/techanalysis-btc3.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2018\\\/04\\\/techanalysis-btc3.jpg?fit=1200%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\"],\"dateCreated\":\"2019-07-01T06:00:37Z\",\"datePublished\":\"2019-07-01T06:00:37Z\",\"dateModified\":\"2024-06-11T12:53:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/04\/techanalysis-btc3.jpg?fit=1200%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/388154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=388154"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/388154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/328922"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=388154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=388154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=388154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}