Hellow trader!
After a rise from 38.5K strong Support, BTC is now at 42.5 its about 11% rise.
Now BTC needs some more strength to break the previous high and for that BTC is in accumulation/consolidation. The pattern BTC has formed is an expanding triangle and currently, it's at the top of the pattern and i am expecting a retracement from here towards supportive trendline.
There is a chance that BTC can push further upside and can break the upper trendline and later it will fall.
In both cases, we will see a drop soon.
Don't forget to hit the like button and follow to stay connected
After a rise from 38.5K strong Support, BTC is now at 42.5 its about 11% rise.
Now BTC needs some more strength to break the previous high and for that BTC is in accumulation/consolidation. The pattern BTC has formed is an expanding triangle and currently, it's at the top of the pattern and i am expecting a retracement from here towards supportive trendline.
There is a chance that BTC can push further upside and can break the upper trendline and later it will fall.
In both cases, we will see a drop soon.
Don't forget to hit the like button and follow to stay connected
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.