{"id":543029,"date":"2023-07-17T22:19:09","date_gmt":"2023-07-17T22:19:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=543029"},"modified":"2024-06-11T06:59:27","modified_gmt":"2024-06-11T06:59:27","slug":"this-bitcoin-continuation-pattern-points-to-3-6-months-of-uptrend-ahead","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/this-bitcoin-continuation-pattern-points-to-3-6-months-of-uptrend-ahead\/","title":{"rendered":"This Bitcoin Continuation Pattern Points To 3-6 Months Of Uptrend Ahead"},"content":{"rendered":"
Bitcoin price is pulling back after a strong finish in the crypto market last week. However, this past Sunday night\u2019s weekend close was also the close of the 4-week BTCUSD chart, which has potentially confirmed a high timeframe continuation pattern.<\/p>\n
If the continuation pattern is indeed valid, it could point to 3-6 months of an extended uptrend, making 2023 an extremely bullish year in the end. Here is everything you need to know about the bullish continuation pattern and what it could mean for the crypto market.<\/p>\n
Bullish Candlestick Continuation Pattern To Light Up Second Half Of 2023<\/h2>\n
2023 has been an interesting year in the cryptocurrency market. Bitcoin has been mostly bullish, but nothing compared to what we\u2019ve witnessed in the past \u2014 as recently as 2020. Meanwhile, altcoins have been long suffering an onslaught from the US SEC. This has kept Bitcoin further at bay against the US Dollar, while eating up altcoin capital on the BTC pair.<\/p>\n
Despite an important week for the industry and BTCUSD setting a new high for the year, Bitcoin lost some momentum and is now trading below $30,000 per coin. However, before the correction happened, the 4-week BTCUSD candle also closed on Sunday night.<\/p>\n