Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Looks like BTC might be in the process of forming a bullish pennant.
The pole was the move from $7500 to $10600, which bounced off the 50% fib retracement of the trend from 14K down to $7300.
If this forms into a bullish pennant and we make the second move to the upside, it you should take us to the $12500 area, which coincides with the 78,6% fib retracement with trend from 14k.