Bitcoin

BTC again - Another day of testing the resistance at 5300

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BTC keeps on testing the resistance at 5300. The ascending triangle in about to be completed, which suggests that the price might be about to make a volatile movement. If the bulls finally take over and volume is present in the next few days, we might have the awaited bullish confirmation for BTC and the whole crypto market.

On the other hand, if volume remains low, as it currently is, it is very unlikely that an upwards breakout will happen.

As said in other analyses, patience for now and don´t take long positions if you didn´t do it a week ago.


The Copilot

Penafian

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