What Is a Double Bottom Pattern
How to Calculate Price Targets
(1) Measure the vertical distance .
Vertical Distance=88000-76000=12000
(2) Add this distance to the neckline breakout point price to get the target
Price Target=86500+12000=98500
(3) When the bullish momentum is strong, the calculation of the target price for the second wave of rally
Price Target=98500+12000=110500
The price of Bitcoin has reached the target of the second wave of rally and is facing the risk of a pullback.
