Although we are looking bullish
right now, there are no confirmations that we will keep heading towards the bullish
market. From the chart, we can see that BTC
is nicely holding up inside the triangle, and heading towards the top for a breakout. But before it moves towards the resistance line of the triangle, it has to cross EMA
50 and EMA
200. We have a lot of resistance going up, but lets hope we make it out of the triangle. If it fails to break out of it, we might be heading down for more consolidation possibly towards 5K - 6K.
Keep following the chart, and I will keep updating it as and when needed.