What is a Pullback?
The bitcoin price does not move up or down in a straight line. Instead the bitcoin price moves up or down in a zigzag pattern called a bitcoin trend - in this pullback pattern the bitcoin price moves upward in a bitcoin trend then it retraces before resuming the bitcoin trend direction - in a downward bitcoin trend the bitcoin price moves downward in bitcoin trend direction and then retraces before resuming the bitcoin trend direction.
What's a pullback? A bitcoin price pullback is a pullback of the bitcoin price before the btcusd trading market resumes the original bitcoin trend movement.
Example of Zigzag Bitcoin Price Movement: The example illustrated below shows bitcoin price moving up in a zigzag pattern showing bitcoin price bitcoin trend and bitcoin price pullback.
The example illustrated below shows movement in an upward market and bitcoin price pullback.
What is a Pullback? - What is Bitcoin Trading Pullback? - Crypto Price Pullback Described with Examples
1-2: Bitcoin Price Moves Up - Bitcoin Trend Direction
2-3: Bitcoin Price Pullback
3-4: Bitcoin Price Moves Up - Bitcoin Trend Direction
4-5: Bitcoin Price Pullback
5-6: Bitcoin Price Moves Up - Bitcoin Trend Direction
The pullback of bitcoin price is explained on the above example - this represents a bitcoin trading pull-back in an upwards cryptocurrency market trend.
