BitcoinLong
Bitcoin Breaks Ascending Triangle Pattern
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BTCUSDAs you can see in the chart, Bitcoin has broken an Ascending Triangle Pattern today, with the break of the $12,100 USD level on Bitcoin.
freeonlinetradingeducation.com/ascending-triangle.html
The target will de the $13,600 USD level, which is calculated by adding the length of the triangle to the breakout point.
The highs of June of 2019 are at $13,900 USD. So, the area of $13,600 to $13,900 USD would be an area of strong resistance and maybe a nice level to take profits on the short term.
Today break was with a strong volume, which gives me confidence that the upside move will continue. I expect the target will be reach soon, maybe as soon as this week or next.
I hope you find this interesting and good luck to you.
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