After a huge rebound, BTC is is at a major crossroads: Will the bulls break BTC out of this bear cycle? Or have the bears expertly set a giant trap for slaughter?
- Should BTC break above this nice bullish triangle, the target points above the top bearish channel (thick dotted line).
- If a break below is the course of action, a nasty Head and Shoulders pattern...
We have a small but completed H&S pointing to $175ish and a smaller but completed triangle break out targeting $238, which would put us into another bull run. Wait for confirmation on this one cause it could get nasty!