In the recent technical analysis of Bitcoin (BTC), a triangle formation has been observed, where the price has compressed. This chart pattern suggests consolidation before a potential significant movement. If BTC breaks out of the triangle upwards, it is likely to continue its uptrend.
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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.