🔥 Bitcoin Strong Break Out Of Triangle

In my previous Bitcoin posts I argued that Bitcoin was in for a strong movement since the triangle pattern was almost finished. On the previous occasions I mentioned that this triangle is a bearish one, therefore I was leaning towards the bearish side of the break out.

Bitcoin, on the other hand, doesn't feel like correcting at all. It just broke out of the bearish triangle with one of the biggest bullish candles we have seen in months. This amount of volume leads me to believe we're gonna see a crazy weekend ahead of us.

On the chart, I’ve marked two potential areas of resistance. These areas are based on the round number of $40k and the all time high. Will we see a new ATH soon?

Happy trading!