Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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As we all know BTC is trading since weeks within a continuously tighter trading rage symbolised by the dashed lines. As always there are many possible interpretations of the chart and the overall pattern which can be underlining a bullish (bullflag) or a bearish (descending triangle) scenario of the days to come. One things seems to be sure, the launch of the physically delivered Bitcoin Futures powered by Bakkt and the long awaited end of this trading range should) define the direction of the BTC price for the following weeks and months. I personally would like the bullish case more.