BTC has formed another triangle, lol.
Trend in this zone is rather flat, but this formation appears like a consolidation before the next breakout.
The most likely scenario would be to re-test the ATH and attempt a break, but don't exclude a break below back to the support at $58k.
Lower timeframe indicators are flat and we're bearish on daily and 2 days... however any selloff was quickly bought, hence, I don't trust bears on this one.
Earlier today it was noted that the number of BTC on all exchanges reached another low... meaning... fewer BTC for more buyers... price will only go up due to that.
In any event, wait for a break of this formation over the weekend.
Like and follow if you liked my idea!
Trend in this zone is rather flat, but this formation appears like a consolidation before the next breakout.
The most likely scenario would be to re-test the ATH and attempt a break, but don't exclude a break below back to the support at $58k.
Lower timeframe indicators are flat and we're bearish on daily and 2 days... however any selloff was quickly bought, hence, I don't trust bears on this one.
Earlier today it was noted that the number of BTC on all exchanges reached another low... meaning... fewer BTC for more buyers... price will only go up due to that.
In any event, wait for a break of this formation over the weekend.
Like and follow if you liked my idea!
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