ðĨ Bitcoin Will Soon Break Out: Bullish Triangle
In my most recent analysis I talked about the fact that BTC was breaking out through the $25,300 resistance (summer 2022 resistance and 200-week SMA). After a minor retracement back to $24k, it seems that we're about to make a new attempt of breaking out in the near future.
Over the last days, we've formed a bullish triangle. Is we can convincingly break above $25k, we're likely retesting $25.3k and potentially even $26k.
The stock market is really helping us today. BTC is, thus far, lagging and needs to make up for it.
Things are looking great in the short-term.
Over the last days, we've formed a bullish triangle. Is we can convincingly break above $25k, we're likely retesting $25.3k and potentially even $26k.
The stock market is really helping us today. BTC is, thus far, lagging and needs to make up for it.
Things are looking great in the short-term.
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