Bitcoin Price Watch: Eyes on This Classic Reversal Pattern

Bitcoin Price Key HighlightsBitcoin price could pause from its drop as a double bottom formation can be seen on the 1-hour chart.
Price has quite a way to go before testing the neckline at $8,800.
An upside break could lead to an uptrend of the same height as the double bottom formation.Bitcoin price formed a double bottom pattern on its 1-hour time frame and needs to break past the neckline to confirm the climb.
Technical Indicators Signals
The 100 SMA is still below the longer-term 200 SMA to