Bitcoin completes ‘perfect retest’ of this key level
Despite a recent very modest drawback, things are looking exceptionally good for the price of Bitcoin (BTC), which has just made a successful breakout to a positive chart pattern and completed a perfect retest of a critical level necessary for its bullish continuation. As it happens, the flagship decentralized finance (DeFi) asset has gone through a breakout to a bullish pennant pattern with a perfect retest, according to the chart analysis shared by pseudonymous cryptocurrency expert Trader Tardigrade in an X post on December 20. Specifically, as the analyst’s observations of the chart patterns suggest, the maiden crypto asset has recently made a breakout at the level around $42,500, followed by a successful retest of this exact price threshold, after which nothing stands in its way toward a bullish rally. Bitcoin price action analysis. Source: Trader Tardigrade Bitcoin price analysis Meanwhile, Bitcoin was at press time changing hands at the price of $42,846, which represe...