What is a Double Bottom Pattern in Crypto Trading?

The double bottom pattern is a technical analysis chart pattern used in crypto trading (and other financial markets) to indicate a potential reversal in the current trend. The pattern is formed when the price of an asset makes two distinct lows at approximately the same level, with a moderate peak in between. The second low (the "bottom" of the pattern) is typically seen as a sign of support and is used by traders as a buying opportunity. The pattern is…