What is Bitcoin Retracement Explanation?
The bitcoin price doesn't move upward or downwards in a straight line. Instead the bitcoin price moves up or down in a zig-zag setup called a bitcoin trend
Upwards trend - bitcoin price moves upwards in a btcusd crypto trend then it retraces before it resumes the upward bitcoin crypto trend direction
Downwards btcusd crypto trend - bitcoin price moves downward in the bitcoin trend direction & then retraces before resuming the downward bitcoin trend direction.
What Does Bitcoin Retracement Mean? A bitcoin price retracement is a pull-back of the bitcoin price before the btcusd market resumes the original bitcoin trend movement.
Bitcoin Retracement Explanation & Bitcoin Retracement Definition - Explanation Examples of a Bitcoin Retracement Pattern
What Does Crypto Retracement Mean? - Retracement Explanation & Retracement Definition
Explanation of Bitcoin Retracement Pattern
1-2: BTCUSD CryptoCurrency Price Moves Up - BTCUSD Crypto Trend Direction
2-3: Bitcoin Crypto Currency Price Retracement
3-4: Bitcoin Price Moves Up - Crypto Trend Direction
4-5: Bitcoin Price Retracement
5-6: Bitcoin Crypto Currency Price Moves Up - Bitcoin Trend Direction
The retracement definition of bitcoin price is described on the above example - this represents a bitcoin retracement in an upward market trend.
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