# BTC managed to make a breakout and got out of a long period of consolidation. Bullish trend remains intact after successfully avoided a free-fall zone below SMMA 200 on the daily chart (see previous analysis).
# The idea is to enter a long position during formation of possible higher low with 10490 as initial target. There is a small bearish divergence on the RSI indicator to support this idea.
# If the price successfully formed a higher low, this will further strengthen the possibility of making another higher high. This action will complete an ascending triangle.
DYOR Always
# The idea is to enter a long position during formation of possible higher low with 10490 as initial target. There is a small bearish divergence on the RSI indicator to support this idea.
# If the price successfully formed a higher low, this will further strengthen the possibility of making another higher high. This action will complete an ascending triangle.
DYOR Always
