Looks like BTC is forming double tops at $11,714. Its currently in the shape of ascending triangle. An ascending triangle is a bullish chart pattern used in technical analysis consisting of a horizontal trend line at a level that it has historically prevented the price from heading higher and a second trend line that connects a series of increasing troughs. If it breaks the $11,714 mark, potentially we will see it breaking out. But before it breaks out, it might correct slightly.
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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.