Bitcoin: Mid-Term Price Outlook

HexaTrades Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin Technical Analysis update

Bitcoin is forming a triangle pattern on the 4h chart. Currently, the price is trading within the triangle just above the 200EMA. We can expect sideways movement around the 65.5k level before a potential breakout. If the price fails to hold above the 200EMA, it could test support at the triangle's bottom line around 63k.

Price could touch 63k support before going up.

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