Bitcoin (CRYPTO: BTC) has climbed about 15% over the past month, with technical analysts pointing to a classic three-period pattern that may indicate a shift toward stronger bullish momentum.
Three-Period “Morning Star” Pattern
In an Apr. 28 post on X, crypto analyst Ali Martinez highlighted the formation of a Morning Star pattern on Bitcoin’s chart, a signal often associated with trend reversals.
The pattern unfolds over three periods, transitioning from strong selling pressure to indecision and then to renewed buying strength. Martinez said this reflects a shift from fear-driven selling to what he described as “aggressive conviction” among buyers.
He …