Faibik

Bitcoin | Ascending Triangle & Bearish Divergence..!!

Long
BYBIT:BTCUSD   Bitcoin / U.S. Dollar
#BTC #Bitcoin (Update)


On 13th July, "HASH RIBBON" indicator Printed Buy Signal & After that Bitcoin Increased +28% So far in 30 Days (Not Bad at All)

In 1D Time frame, Bitcoin Has been Forming Ascending Triangle Pattern.

According to Triangle Formation, I'm Expecting that Bitcoin Will Remain Stable inside the Triangle (Consolidation) for Next Few Days (8-12 Days)

At the Moment, 12k Acting As Strong Resistance & Trendline of Triangle Acting As Support.

In Case of Triangle Upside Breakout, Next Stop Would be Around 13k Area. & If Triangle Broken Downside, Bitcoin Might test the 10.6-10.8k Area .

RSI ( Relative Strength Index ) Indicator Printing Bearish Divergence As Well 👀



FYI, There is a Unfilled CME gap as Well in 9645-9925 Range.





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