BTC is in a tightening pattern, with declining volume and the daily RSI in a descending channel all indicating we could be in for a break sooner then the general market thinks. Look for a test of the downward sloping (red) triangle line in the upcoming days. Second confirmation of a bullish break out will be a close above c.11k, with a target of c.14k (double top)
If it breaks down we have the upwards sloping triangle trend (green) and 21 EMA (weekly) just below it acting as support.
If it breaks down we have the upwards sloping triangle trend (green) and 21 EMA (weekly) just below it acting as support.
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