Bitcoin trading in a triangle.

Bitcoin trading in a descending triangle formation after fall.

It has been consolidating in a range after failing to hold its 20 ema on weekly chart.

Bitcoin has recently tested its weekly 200 ema has is consolidating just above it.

There is a resistance and a support which has been tested many times and once broken can give nice targets.

Support :- 27100, 28650, 28500
Resistance :- 30500, 31800

The coin is silent for half a month.
Watch for the price action near the triangle breakout.

#bitcoin #btcusd


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