The chart is forming a Bull flag, which seems to point toward an accumulation period and possibly a demand zone at 52k.
Note
We broke out of the ascending triangle and the bull flag!Note
Check out the updated chart with the rising wedge pattern:
This rising wedge pattern is becoming a support zone for Bitcoin and a great level of interest.
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Disclaimer
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.