Bitcoin about to break out bullish

Bitcoin has been test and retesting the rising support line build ever since Jul 2019.
Yesterday we tested this support line yet again.
Keep in mind both on the weekly and the daily we are in a triangle that screams for a change of trend.
I would argue we will see the long expected trend reversal upwards.
There is currently no new news in the market and institutional investors have been stocking up on Bitcoin (BTC).
There is been a huge order book on the buy side for weeks now keeping Bitcoin from dropping further.
The time seems to have come for the switch.
I would consider a daily close above the triangle bullish.
If we can reach $42.5k it gets super bullish and if we close above the weekly triangle we are can have a seat and ride on the bull.

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Commentaire:

Guess not - at least not on this triangle ;)
Crypto is getting sucked down with the stock market, we'll see how it weathers this storm