🔥 Bitcoin Short-Term Bullish Triangle Before FOMC Meeting
Updated
BTC has been trading inside a bullish triangle pattern over the last couple of days. With the FOMC meeting around the corner, I'm expecting some volatile price action today and tomorrow.
In my view, it's likely that we're going to hit $28,600 today. Whether it's a fake pump before the FOMC meeting (and a dump after), or we get a bullish reaction and move up significantly.
The $28,400 area is proving to be a strong resistance at this point. Wait for a clear break out, ideally with high volume.
In my view, it's likely that we're going to hit $28,600 today. Whether it's a fake pump before the FOMC meeting (and a dump after), or we get a bullish reaction and move up significantly.
The $28,400 area is proving to be a strong resistance at this point. Wait for a clear break out, ideally with high volume.
Note
✅ Target 1 hit!Note
✅ Target 2 hit!Note
Looking at the 26.5k - 25k area for a potential reversal for my Elliot Wave analysis:
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