BTC/USD (20D MA Acted Support?)

💎Technical Analysis Summary💎



BTC/USD


-The mini consolidation from my last published idea hit my 56.k target zone
-The 20D MA acted good support and currently holding the price above the average
-This is a good sign in the short term price action as the Bulls defend that region
-Bitcoin may likely be forming an ascending triangle with an area of resistance around 59k-61k dollars
-If this pattern confirms an upside breakout in the coming days
-The potential target is somewhere 68k-74k dollars using the Fib extension
-Many altcoins are doing great today as the BTC dominance keeps falling to 57 level
-And if BTC continues to move sideways inside this triangle, I think we will have a few more days of green day
-Be cautious! even if the pattern is bullish, it may still break to the downside
-So please make sure you have proper discipline in terms of risk management
-let us all have a nice day and I wish everyone are in good profits!




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