Currently, the price is consolidating inside a crucial demand zone. However, considering the current global markets’ sentiment and recent price action, it’s too early to label. There is tremendous support around the 22k level.
Bitcoin is coiling up if this support at 40k holds. After todays pump im convinced we are in a triangle on the verge of a bullish breakout, after we tap the golden pocket on the nect triangle retrace. 75-80% trend completion is when i look for a breakout of a triangle. what do you folks think.
after a flip of resistance to support, and after the institutional fear mongering breaks all the weak hands with CME futures, I think a strong inflow of institutional buyers + smart retail will launch it past 1.8k nearing 2k.
