Things are looking dark across the cryptocurrency market, especially for Bitcoin. But a potential reversal pattern called Morning Star could bring a return to the bullish narrative faster than the speed of light. Here is a closer look at the possible Japanese candlestick reversal pattern and the conditions necessary for confirmation. Crypto Bloodbath: It’s Always Darkest Before The Dawn Although the origin source is uncertain, 17th century English theologian and historian Thomas Fuller is credited with the quote, “it’s always darkest before the dawn.” Cryptocurrency markets, and Bitcoin in general, have shown time and time again that when things seem at their worst, it is usually the best time to buy for the largest return on investment. It is what contrarian phrases like “buy the blood in the streets” and “be greedy when others are fearful” are meant to convey. Related Reading | Bitcoin Bottom Signal From Bear Market, Black Thursday Could Save The Bull Run Things might seem bleak for Bitcoin considering a 38% correction from highs and a high-risk macro environment. But just as Fuller’s quote would indicate, the potential for a reversal is possibly here and it could begin with the dawn of a Morning Star pattern. Bitcoin price must close $53,500 for conditions to be met | Source: BTCUSD on TradingView.com The Level Bitcoin Must Reclaim To Confirm A Morning Star Rev...
