BITCOIN-DAILY: The price has formed a triangle! Jul-18-22

As shown on the daily chart, last week the price failed to break down the lower line of the triangle, and bounced back up to test the upper line of the triangle today at 21.8K. If the breakout happens, we expect the price will go up to the retracement zone between 27K and 23K. If the breakout fails on the other hand, we expect the price will fall down to retest the lower line of the triangle again around 19.7K. The main trend on the daily chart is still bearish, and the best places to buy more with caution are around 17K and 12K.
....................................
GOOD LUCK