Brief simple overview of what I currently see happening with Bitcoin since the recent bull run and May halving event. A couple of different trading channels are marked by previous support and resistance lines. Light blue line at 10521 shows the previous high on the similar looking run it had in January. At the bottom is the red line support that held the trading level above 5k. A wider view shows signs of an ascending triangle being formed this month as it continues to consolidate, however inside it has the making of some other smaller patterns that could give it the push it needs to breakout either to a higher trading zone or a lower one. I also have been monitoring how it has reacted to trading around its moving averages as the tug of war continues at this level. Currently neutral waiting for the stars to line, but I feel the next move it makes will be huge.
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