BitcoinUpdated Mini Bitcoin Triangle
We are currently in a mini-triangle after breaking upwards, thus there is still bullish bias here. If we hold this triangle, price can still break upwards. (Reasonable, as we are currently at 54.1% Bitcoin Dominance and 2 upcoming Hard Forks, there is still a lot of money from alts to be squeezed)
Though if we break this triangle downwards, I expect to see $5000-$5400 and some consolidation for a few days before more continuation up to $6000+. (Reasonable, as we have gone up quite fast/unhealthily, and there is still 11 days until the fork)
Let's see what happens!
Though if we break this triangle downwards, I expect to see $5000-$5400 and some consolidation for a few days before more continuation up to $6000+. (Reasonable, as we have gone up quite fast/unhealthily, and there is still 11 days until the fork)
Let's see what happens!
Note
Price broke out to the upside!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.