BTCUSDT chart patterns formed

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BTCUSDT

Based on the 1-day chart, candlesticks formed a "Double Bottom" which caused the price of bitcoin to test the major resistance at 16,497 dollars. Likewise, a "Pennant" pattern has been formed with the price likely to bounce back to the major support level at 13,350 dollars before breaking out up to 19,402 dollars which will likely happen on the 2nd week of January 2018.