BitcoinUpdated btc price action still inside a symmetrical triangle
if this symmetrical triangle breaks bullish and validates the target is 50k. the 1 day 50ma (in orange)may be what finally pushes the priceaction up out of the triangle...of course we must also always entertain the possibility that it could still break down. Should choose a direction in the first week of feqbruarqy.
Note
now have 1 daily candle close above the triangle and the current follow up candle is acting like it wants to confirm the breakout. Just waiting on more volume or a big spike of the price candle. For now probability definitely is favoring the confirmation of the breakout.Note
breakout confirmed...target will be anywhere between 50-52k
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.