Hello All!
Bitcoin has been been forming an ascending triangle by creating multiple touching points below the triangle (circled in yellow) which are the support points, and multiple touches above the triangle (circled in blue) which are the resistance.
Although, this pattern usually has an upwards bias, it can be traded in either direction based on the...
If we break the yellow axis upwards we go to should go upwards to all time highs
if we break the yellow axis downwards we go to lower levels, IMO below 30k
Next resistance to the upside is (if we break the yellow axis) is 40200 and then the next one is the all the high.
Thanks for looking!
