If Bitcoin can break above the red trendline, I would expect it to move up to the black trendline. As you can see, the black trendline was broken support that has never been tested as resistance.
If that happens, Bitcoin could also test the red trendline as support and possibly be forming a symetrical triangle or flag.
Time will tell!
This is only an observation - not financial advice.
If that happens, Bitcoin could also test the red trendline as support and possibly be forming a symetrical triangle or flag.
Time will tell!
This is only an observation - not financial advice.