The above chart of Bitcoin laid out the symmetric triangle pattern . A symmetric triangle pattern is formed by two converging trendlines . In this pattern the upper trendline of the triangle connects the highs. Lower trendline of the triangle connects the lows.
Currently, Bitcoin is in the range of $16680. If the pattern continues, the price of Bitcoin might reach the resistance levels of $17180 If the trend reverses, then the price of XMR may fall to $16400
The analysis itself has a great logic behind , we had a similar forecast on ETH, but currently not really in this market ! It may consolidate more before pushing up! However , we appreciate your job as always !