Bitcoin Triangle Formation
Updated
Hi buddies
As can be seen from the chart, Bitcoin has been forming a triangle pattern since June. In such circumstances it has two option: if it breaks the upper edge and passes the 11000$ level successfully it will reach a peak around 13K price area. On the other hand, if it breaks the lower edge it will see 7500-8000$ and get support there for further decision.
Good Luck ...
As can be seen from the chart, Bitcoin has been forming a triangle pattern since June. In such circumstances it has two option: if it breaks the upper edge and passes the 11000$ level successfully it will reach a peak around 13K price area. On the other hand, if it breaks the lower edge it will see 7500-8000$ and get support there for further decision.
Good Luck ...
Trade closed: target reached
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