🌳BTC is in a Symmetrical Triangle .This means The Price has a Chance to become Bullish Or bearish Depending on The Break out which is Gonna Happen Soon But The Price is Touching The Upper Line of The Mentioned Triangle So This Could Mean The Price will Do a Bullish Break out Soon & We Shall Expect a Huge Bullish Movement to 50k Because of The Measured Price Movement (AB=CD). Note that a Strong Resistance Sits at 44.7k So This Could be a Point That The Price Will Be Rejected. But If Bitcoin Manages To break even This Resistance,The Way to 50k Is Guaranteed! If anything Goes Wrong, 37k Is a Pretty Reliable Support.
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.