Bitcoin is currently in a Ascending Triangle formation.
If bulls take control then we will see BTC jump to 7030 $.
Bitcoin has also recently crossed the MA (50). Watch if BTC uses this as support.
If BTC breaks out of the ascending triangle and reaches out target 7030$ change stop loss to 6850$ and watch further price action
If BTC fails to breakout and goes below the moving average then we will have to wait for it to test 5800$.
Where do you think the price is headed?
Leave a comment with a chart and let's share your thoughts,
Please, leave a like. I'd really appreciate it.
If bulls take control then we will see BTC jump to 7030 $.
Bitcoin has also recently crossed the MA (50). Watch if BTC uses this as support.
If BTC breaks out of the ascending triangle and reaches out target 7030$ change stop loss to 6850$ and watch further price action
If BTC fails to breakout and goes below the moving average then we will have to wait for it to test 5800$.
Where do you think the price is headed?
Leave a comment with a chart and let's share your thoughts,
Please, leave a like. I'd really appreciate it.
Trade closed: stop reached