Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC has been having a hard time piercing thru the 12k -- it has actually a couple of times only to be driven down again to the 9k level. However it can be noticed that a descending triangle is forming, could this be a sign that BTC is just resting and awaiting to snap out of it the next time it reaches support? So for the meantime, I expect it to challenge support yet and from there I expect it to resume its bullish momentum.