Bitcoin is BACK! Here comes the squeeze?
I was starting to lose hope that we would see a new all time high before retracing down to the likes of 16192.
However, i noticed a long term trend line that we have just regained support at.
Im waiting on a breakout above or below the current symmetrical triangle formation we are in before really marrying this idea.
I added some old support and resistance trend lines for reference, and provided the break up happens, we may start trading between some of them.
My old price target was 20,800, or on the low end 20,630 i believe.
Provided the out look im now seeing in this new char, i think a breakout above 19884 could really get us moving.
The high side of our old resistance would be as high as 22360, though unlikely in my opinion.
This is just a visualization of price trends. Not a recommendation by any means.
However, i noticed a long term trend line that we have just regained support at.
Im waiting on a breakout above or below the current symmetrical triangle formation we are in before really marrying this idea.
I added some old support and resistance trend lines for reference, and provided the break up happens, we may start trading between some of them.
My old price target was 20,800, or on the low end 20,630 i believe.
Provided the out look im now seeing in this new char, i think a breakout above 19884 could really get us moving.
The high side of our old resistance would be as high as 22360, though unlikely in my opinion.
This is just a visualization of price trends. Not a recommendation by any means.
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