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The price of Bitcoin (BTC) is sitting at an important Support Zone (Purple Box) and is also tied between the MA 200 for long-term trends, and the MA 20 for short-term trends. The MA 200 acted as an additional support a few times. In anticipation for a repeating pattern, we can aim for the resistance line of the descending triangle as a possible target. This scenario is confirmed if the price closes above the MA 20 (approx. 7250.00).
Cheers, cryptobuller
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The price did not manage to close above our confirmation line and instead dropped below the MA200. I will update this idea today!
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This idea worked out quite well, beside the liq. move to 6840.00