BTC "Ascending Triangle" Breakout
BTC "Ascending Triangle" Breakout
The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trend line that connects the highs and the lower trend line that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, Bitcoin is in the range of $16370. If the pattern continues, the price of HT might reach the resistance levels of $17600 . If the trend reverses, then the price of HT may fall to $15500
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