triangle ?

Possible scenario

BTC can correct until 7900 and start another uptrend after that.

In case we are confirmed with this, BTC will have the ability to break through 8400 (downtrend important resistance) and then rise.

Comment:

We have not updated any TA in the last couple of days due to the reason that #BTC has to show us a clear picture about its pattern.

#BTC had a sharp and whopping uptrend from 6800 to 8200 and entered correction phase as expected but it had more of time based correction rather than price correction...

What we can see is #BTC has a side correction which will increase the odds for sn uptrend in continuation of the previous movement...

We have a possible scenario in the last updated chart which shows us s possible correction until 7900 and a new rally after that...

The correction in the last wave of the triangle can be shorter and may not reach the support line.

We recommend to enter in the specified area.

This Technical Analysis is void if we drop below 7700 support line.