Bitcoin started a triangle a week ago and looks like the triangle is ending and we can predict that the price will test the 4 months old support. After testing the support, we should expect a comeback to the main resistance and a test. If there is a high volume , BTC can break the resistance with a large move to 10K+. However I don't think that it is an easy...
Bitcoin is forming a triangle with the highs and lows it made for the last couple weeks. And right now, it reached to it's upper line and got a rejection. It seems like BTC is on the move to the lower line of the triangle, which is at 8700.
We will see what will happen next after we reach 8700. I'm bearish on the short-mid term (for the next 1-3...
Looks like Bitcoin will decide it's path soon.
We can see that there is a support at 6800 and a resistance at 7200. We can expect BTCUSD to move the way on the blue arrows.
However the next step after the blue arrows looks huge. Bitcoin will decide where it will go next and breake the triangle.
Because of the triangle looks more like a rising wedge and generally...
I can see a rising wedge starting from March 16 after the big dump on March 12-13. So we can predict a dump again at the end of the rising wedge to the area I draw between 5600 and 5100.
Please be aware that it's just a TA, not investment advice.
Wish you the best!
PS: I hope you are healthy and safe at your home. Stay strong, we are together in this!