Following the support it found just below 3,700, Bitcoin
managed to rebound to 4,100 but failed to sustain a stronger bullish
momentum falling into consolidation within a 4H Triangle ( RSI
= 52.245, STOCH
= 47.818, Highs/Lows = 0.0000). As shown on the chart, that pattern has already appeared in early December and resulted into roughly a -11% decline before the eventual strong bullish
sequence that led to 4,384. A similar candle sequence is expected, targeting 4,384 and 4,463.10 in extension.
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