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Bitcoin’s Pattern of Alternating Days Continues

Written By: ChartChamp

September 26, 2024

Bitcoin has formed a pattern of alternating days between green and red candles. Today is trending for a green day, and tomorrow there is a risk of a red day. Yesterday evening China announced a massive stimulus plan for their banks, which is bullish for financial markets around the world. Bitcoin is currently trading within a range between $62.3k and $65.3k in the yellow channel.

Bitcoin has hit strong resistance around $65.3k and is forming a wick back down. There’s some short term volatility forming here.

Bitcoin has reached resistance at $65.3k, should be interesting to see if there’s a breakout here. If not the price can trend back down tomorrow. Bullish daily candle close for BTC and Altcoins. Should be interesting to see if the pattern of alternating days continues with a red day tomorrow or whether BTC and ALTS start to rally.

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