SnD
The target is obtained by adding the distance between the first swing high and low to the breakout point at $44,418. BTC broke out of its ascending triangle setup on March 27 but stopped moving higher after peaking at $48,238. This lack of momentum mixed with the inefficiency to the bottom, caused BTC to slide lower.
Either way, the upside for BTC seems to be capped at around $53,000 and any move beyond this level seems unlikely
Either way, the upside for BTC seems to be capped at around $53,000 and any move beyond this level seems unlikely
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.