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Bitcoin forming a floor structure
Bitcoin shows typical volume of bottom formation: halted at lows, volume jumped yesterday and today buyers are entering.
The entire drop from yesterday has practically been recovered. Strong buying power defending lows in the 0.786-0.886 Fibonacci zone (82-83k). The lows have been tested and are holding.
What are we looking for now?
Break of the local maximum to confirm two rising lows. This gives us the W pattern, the typical market bottom formation.