After 190+ Days of sell pressure during a macro uptrend... Bitcoin may be forming an aggressive Cup and Handle pattern.
The handle currently appears to be a Bullish Ascending Triangle underneath the 200 Daily Exponential Moving Average at $8,150. (Over time, price can drop slightly and it may form a flag instead.)
A drop below $7,600 will invalidate this pattern.
The handle currently appears to be a Bullish Ascending Triangle underneath the 200 Daily Exponential Moving Average at $8,150. (Over time, price can drop slightly and it may form a flag instead.)
A drop below $7,600 will invalidate this pattern.
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