BTCUSD is now in its consolidation phase making a symmetrical triangle bullish pattern. Taking its previous falling wedge pattern and double bottom, the potential upside target will be in the Fibonacci extension area at 127.2 and 161.8. This aligning with Trump's objectives to be the "first bitcoin president" where he promised that cryptocurrency would be central in his economic policies.Feel free to share this analysis and comment on what do you guys think in the comment section!!
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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.