farhadnmd

Bitcoin on the edge. Up or down?

BINANCE:BTCUSDT   Bitcoin / TetherUS
We're at a critical point on the Bitcoin chart. It formed a symmetrical triangle pattern on the 1h chart.
Bollinger bands are squeezing and we have a descending RSI volume .
As altcoins are doing great fewer people are into pumping bitcoin right now in my opinion and this made bitcoin dominance to decrease and that also makes the bearish scenario more probable.

  • Bullish (%30)
    It will break the resistance at 12K and bull market will continue to 13K

  • Bearish (%70)
    It will breakdown to 10.5K support which is also EMA200 on the daily chart

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