BTC made a nice run over the last two week performing good. Ascending triangle forming though we're in a bear market, so I see this pattern as a continuation of the current bearish moment rather than a bullish signal.
More downside to come.
P.s. Noticeable BTC correlation with the DJI over the last two months.
BTC shows a nice bullish setup on the daily.
RSI coming off strong from the oversold levels, while the MACD looks ready to cross the signal line.
Price action could continue to go up as BTC is coming off the lower bollinger band. Next test could be the MA @$7200, good support area there.
