Total crypto market-cap and Bitcoin has formed a similar triangle pattern on weekly timeframe. Daily close below 9300 levels may be the confirmation of downtrend and close above 10300 levels may confirm the uptrend continuation. The immediate support on daily timeframe is at 8300 and resistance is at 10300. So watch out 9300-10300 levels closely to initiate any positional/swing trades.
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.