BitcoinShort
Narrowing triangle on the BTCUSD chart
The BTC chart is showing a diminishing triangle pattern after reaching its ATH. Volume is low currently, but RSI indicates a balanced market. MACD is also very close, and we can monitor for a break out from this pattern.
If volume keeps dropping, and the price drops below lower triangle line, we may see some significant correction. Last support line was at $12,000.
Thoughts?
If volume keeps dropping, and the price drops below lower triangle line, we may see some significant correction. Last support line was at $12,000.
Thoughts?
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