Bitcoin is one of the most famous names in the history of cryptocurrencies. They are one of the biggest companies in the market and have been in the market for the longest time. During its stay in the market, the company has experienced lots of ups and downs. However, the recent disaster that the market is facing has been something new even for the BTC standards. The crypto market has constantly been in turmoil for the last couple of months. Major companies like Ethereum have faced new lows in their prices.
Coinbase is on the verge of liquidation. However new patterns have shown that the company might well make a comeback in the later parts of the year. They have a target of $28000 set which they are aiming to achieve very soon. The prices of BTC have seen a downward slide of seventy percent recently. However, the company has shown signs of bouncing back in the last few days. The performance of the company has been top-notch which indicates a probable turnaround in the third quarter of the year. A bullish technical pattern, named as the
“Adam and Eve double bottom” has indicated as much as a thirty percent rise in the prices of the company. Let us learn more about the story in detail below.
Bitcoin Will Rise Again Says New Trend
Bitcoin will be gaining back a significant portion of its lost ground by the end of the year. The recent trends have predicted such a bright future for the leading cryptocurrency company in the market. The Adam and Eve double bottom trend is sure about the fact that the prices of Bitcoin are bound to rise again.
Bitcoin users have heaved a sigh of relief after the recent speculations were made public. It will be interesting to see how the future tunes out.
