Bitcoin Triangle Analysis
The above chart of Bitcoin laid out the symmetric triangle pattern . A symmetric triangle pattern is formed by two converging trendlines . In this pattern the upper trendline of the triangle connects the highs. Lower trendline of the triangle connects the lows.
Currently, Bitcoin is in the range of $16680. If the pattern continues, the price of Bitcoin might reach the resistance levels of $17180 If the trend reverses, then the price of XMR may fall to $16400
The above chart of Bitcoin laid out the symmetric triangle pattern . A symmetric triangle pattern is formed by two converging trendlines . In this pattern the upper trendline of the triangle connects the highs. Lower trendline of the triangle connects the lows.
Currently, Bitcoin is in the range of $16680. If the pattern continues, the price of Bitcoin might reach the resistance levels of $17180 If the trend reverses, then the price of XMR may fall to $16400
Comment:
Triangle Breakout : Downside
