BTC pump bullish or bearish?

Mar 9, 2022

BTC It is currently in a consolidation that could take us to 50k on a break up. on a breakdown, I will be looking for 32.5k This is the picture that makes the most sense to me with the volume profile and the pattern. Symmetrical triangles are normally continuations of the trend which would imply downside. But I think the current issues the global economy is facing will help crypto thrive. These are the circumstances crypto was made for. TO create a decentralized safety net against fiat currencies and censorship. This pump was also good because it reinforced the trend lines which emphasized a clearer pattern. I think this pump was nice but may be short lived as we can pull back towards 38.5k now that we are at resistance. If we can start getting above 43k, I will look for 50k on a strong weekly close this Sunday