Doji Formation On Bitcoin Chart Suggests BTC Could See 2 Months Of Upside In The New Year

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Doji Formation On Bitcoin Chart Suggests BTC Could See 2 Months Of Upside In The New Year - NewsBTC

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Related Reading: Bitcoin Head and Shoulders’ Setup Raises Fears Of $80,000 Price Drop – Details Doji Formation Could Lead To New Year Bitcoin Price Rally In an X post, Severino suggested that a Doji formation could lead to a Bitcoin price rally in the first two months of the new year.

In this case, Severino expects that the following candlestick will show a strong continuation for the Bitcoin price. Severino noted that a similar Doji at similar subwaves each resulted in two more months of upside before a local top was in for the Bitcoin price.

The analyst’s accompanying chart showed that Bitcoin could drop to the $70,000 range if it breaks this $92,730 price level. Related Reading: Bitcoin Exchange Reserves Surge: Are Traders Preparing For A Major Market Shift?