As we can see on the daily chart, bitcoin is moving in a descending triangle.
Bitcoin need to break out of this triangle in a upside way to remain bullish. A downside breakout means bearish and may take a while to regain profits again.
This is no financial advice, but I think this is a strong possible scenario.
What do you guys think?
Bitcoin need to break out of this triangle in a upside way to remain bullish. A downside breakout means bearish and may take a while to regain profits again.
This is no financial advice, but I think this is a strong possible scenario.
What do you guys think?
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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.