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Bitking786
Jun 15, 2021 11:16 PM

Btc is trading within symmetrical triangle, what next? 

BTCUSDT SPOTBybit

Description

Hello everyone, welcome to this quick update :-

BTC is trading under the triangle as of now and is successfully holding the 39k level since the breakout.
What matters the most is we need a healthy retracement here.
There's also a CME gap around 38k level.
So this pump could end up being a trap.
Just my opinion!

Expecting breakout in the next 4 to 6 hours.
The direction of the breakout will decide the trend.

Break above the 41k level can take BTC to upper resistance levels around 43k to 48k and eventually 52k.
Breakdown means test of 38k and continue to the upside for 43k to 48k .
In both ways we are bullish .

We wait for the breakout now.

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#bitcoin #crypto #nextmove #bullmarket #bearmarket #sideways #breakdown #btcusd #dailyclosed #symmetricaltriangle
Comments
somberUnicorn35737
Thanks a lot for the update.
Bitking786
@somberUnicorn35737, thanks for your feedback.. it's mean alots fro me
trade1milliond
any updates
Bitking786
@trade1milliond, triangle break downside that's means btc can retest the 37k area and bounce will expect from that rang then it will break 41k next
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