Aksel Kibar, known for his technical analysis in the cryptocurrency markets, evaluated the recent movements in Bitcoin (BTC) price and explained the critical levels that investors should pay attention to. The analyst stated that two important bullish signals have recently emerged in Bitcoin, but the price has sharply retested one of these breakouts.
According to Kibar’s analysis, the first significant bullish signal in Bitcoin emerged with the vượt qua of the $67,200 level. This move indicated the completion of an inverse head and shoulders (IHS) pattern, known in technical analysis as a bullish reversal formation.
The second important signal came when Bitcoin broke above the upper boundary of the rectangular formation it had been trading within for a long time. Kibar argued that this breakout indicated the completion of a bottom reversal pattern, but Bitcoin is currently retesting this breakout sharply.
