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#BTC/USDT UPDATE !
As mentioned in our most recent analysis, the triangle pattern could turn into a continuation or a reversal pattern, depending on the direction the price breaks out. Given that the price has broken the triangle to the upside, a short-term pullback to the triangle’s upper boundary and a new rally to the $28K is the possible scenario for Bitcoin.
However, we should always consider the option of a bull trap, where the price gets rejected from this range and plummet to re-test the $17K-$20K critical zone. If the price breaks below the current 2022 low of $17K – a steep crash towards the $15K mark would be inevitable.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#BTC/USDT UPDATE !
As mentioned in our most recent analysis, the triangle pattern could turn into a continuation or a reversal pattern, depending on the direction the price breaks out. Given that the price has broken the triangle to the upside, a short-term pullback to the triangle’s upper boundary and a new rally to the $28K is the possible scenario for Bitcoin.
However, we should always consider the option of a bull trap, where the price gets rejected from this range and plummet to re-test the $17K-$20K critical zone. If the price breaks below the current 2022 low of $17K – a steep crash towards the $15K mark would be inevitable.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
