After breaking the bearish channel, BTCUSD looks like it is forming an Ascending Triangle.
If price breaks the resistance of the triangle, we have bullish confirmation/ you can set buy orders in the region of 12k USD.
If price breaks the resistance of the triangle, we have bullish confirmation/ you can set buy orders in the region of 12k USD.
Trade active
BTC is bullishTrade active
The support of the former bullish channel proved a tough resistance, bulls didn't have enough power to break it. Price bounced back and it's now on support, which is formed by the continuation of the triangle line. This support should be strong as it was tested 6 times in the last days. Let's hope it holds, otherwise we might retest 10k zone.Trade active
Checkout BTC evolution from a broader perspective: 
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Disclaimer
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.