WATCH: Bitcoin Bloody Monday Leads To Reversal Hammer | BTCUSD September 19, 2022

WATCH: Bitcoin Bloody Monday Leads To Reversal Hammer | BTCUSD September 19, 2022


In this episode of NewsBTC’s daily technical analysis videos, we examine a recent showing from bulls after a bloody Monday morning open in Bitcoin price action.

Take a look at the video below:

VIDEO: Bitcoin Price Analysis (BTCUSD): September 19, 2022

Last night, we had the weekly close in Bitcoin price, and overnight, there was a deep plunge to the low $18K region. However, since the 9AM Monday morning open, prices have climbed by more than 5% already leaving a long wick behind.

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Bull Stop Bears Short With Hammer Time

Bitcoin price is forming a hammer. A hammer is a type of bullish reversal signal in Japanese candlesticks that represents a large, sudden presence from bulls once a key price objective was reached.

On daily timeframes, there

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