BTC might be gearing up for another attempted breakout of a smaller triangle pattern. This is indicated by a series of lower highs (red arrows) from our high of 104k. If we can push above this lower resistance line we could price push up to attempt a new ATH.
This is only a 1 hour pattern so not as valid as some of the higher timeframe ones, but just something I wanted to put on your radar.
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.