BTC Market Analysis 27/09/2022

BITMEX:XBT   Bitcoin / U.S. Dollar Index
BTC again bounced from the trend-line of the symmetrical triangle and consolidation in the symmetrical triangle continues.

Bulls have tried to break the resistance trend-line many times but ended up in fake-outs or rejections.

Now we have to wait for a breakout with a retest, which will confirm a bullish move in the market, and a breakdown of the demand zone with a retest below it would be a sign of a bearish move in the market.

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