Bitcoin Testing Major Support! Will It Hold?

In our previous Bitcoin analysis Upside Rally For Bitcoin Very Possible. Watch This Key Pattern, we talked in-depth about the Horizontal Channel Pattern the BTC price is currently trading in on the 15 minutes timeframe, and how this unique pattern can help us better understand what the price is doing right now and what we might expect next.

Well, that pattern is still very valid, and right now, the BTC price is providing us an even clearer picture of what might be happening right now!

The new key pattern we are watching is a Triangle Pattern clearly visible in the 15 minutes timeframe.

In this Bitcoin analysis, we will be breaking down the importance of this Triangle pattern to Bitcoin bulls and what we expect to happen next.

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Should We Be Expecting A Price Bounce Soon?

For the past couple of weeks now, the Bitcoin price has always found support at the same level. The price is currently testing this level again and there is a very high probability that history will repeat itself on the 15 minutes price chart.

If this key support continues to hold, there is a very high probability that we might see a bullish rally in the BTC price in the coming days. This is a potential +4% surge in the value of Bitcoin.

Final Verdict!

The Bitcoin price is currently testing a major level in the 15 minutes timeframe.

This level has been able to serve as adequate support for the BTC bulls for the past few weeks and might do so again in the coming days. The question now is will it hold?

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