🔥 Bitcoin Resuming Trend After Healthy Correction
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A while ago I made two analyses on BTC and the healthy correctional phase we were in. See below.
As expected, BTC has been trading sideways since then. Additionally, a triangle pattern had emerged on the chart. As of the last hour or so, BTC saw a strong green candle signaling the break out of this triangle.
If BTC manages to hold this trend, we might see the start of a new bullish trend which can finally take us up to 50k.
Happy trading!
As expected, BTC has been trading sideways since then. Additionally, a triangle pattern had emerged on the chart. As of the last hour or so, BTC saw a strong green candle signaling the break out of this triangle.
If BTC manages to hold this trend, we might see the start of a new bullish trend which can finally take us up to 50k.
Happy trading!
Note
Keep an eye on the candle close. If we close below the resistance the break-out is invalidated.Note
Bullish break-out invalidated. Triangle pattern still intact.
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