Currently Bitcoin appears to be ready to retest 51k before choosing a trend direction. This looks like a Bull Trap to me. A Descending Triangle is usually a continuation pattern. Since Bitcoin dumped before forming the descending triangle, I think we could see another dump soon. We'll have to wait and see what happens.
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.