#BTC breakout this Descending triangle pattern!!

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#BTC Update

BTC breakout the descending triangle and retesting above it. The volume is very low in this breakout. MA50 is also acting as a resistance.

Still, the price is in a contraction phase. A move above the local resistance of $20,500 with a high volume will confirm a decent bullish rally in the market.

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Comment:

#BTC

BTC bounced after doing a successful breakout and retest of the long descending triangle. Currently, it is facing local resistance below the $20,500 level.

As BTC is trading in a range from $18,500 to $20,500 for 42days. So this is the main resistance level for bulls to break this range and a solid break above $20,500 would be the confirmation of the continuation of bullish momentum in the market.