Chart Pattern That Predicted Bitcoin’s Ongoing Rally: More Upside to Come


In March, few expected Bitcoin to be in the place that it currently is in. The coin is up over 200% since the lows of March, showing that the crypto market is far from dead. Back at the lows, there were some that feared that cryptocurrencies wouldn’t be around for much longer. Bitcoin’s ongoing rally was predicted by some analysts, though. One such analyst predicted the cryptocurrency would retest $10,000 by May, just months after the crash. The chart pattern he used to predict this price action suggests that Bitcoin has room to extend higher. This sentiment is in line with the outlook for BTC shared by another trader who predicted the rapid recovery in Bitcoin’s price. Textbook Chart Pattern Predicts Bitcoin Has More Upside When Bitcoin crashed as low as $3,500 on March 13th, few expected the coin to bounce back as fast as it did. In fact, at…

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