nikhilk
Short

Narrowing triangle on the BTCUSD chart

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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1
The BTC chart is showing a diminishing triangle pattern after reaching its ATH . Volume is low currently, but RSI indicates a balanced market. MACD is also very close, and we can monitor for a break out from this pattern.

If volume keeps dropping, and the price drops below lower triangle line, we may see some significant correction. Last support line was at $12,000.

Thoughts?

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