Naglfar

BTC consolidates in an ascending triangle

BITSTAMP:BTCUSD   Bitcoin
Since the beginning of 2022 Bitcoin has been consolidating in a range, however this seems to be turning into an ascending triangle. Higher lows into resistance at 44500 (at daily close). In an uptrend, an ascending triangle usually has a bullish outcome. In a downtrend, the outcome is less clear. 37000 still holds as strong support.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.