Implications of the Widening Triangle on Bitcoin
Bullish Reversal:
If Bitcoin is in a downtrend and forms a widening triangle, a breakout above the upper trend line can signal a bullish reversal.
Confirmation requires strong buying volume and a sustained move above the breakout point.
Bullish Reversal:
If Bitcoin is in a downtrend and forms a widening triangle, a breakout above the upper trend line can signal a bullish reversal.
Confirmation requires strong buying volume and a sustained move above the breakout point.