Looks like Bitcoin will decide it's path soon.
We can see that there is a support at 6800 and a resistance at 7200. We can expect BTCUSD to move the way on the blue arrows.
However the next step after the blue arrows looks huge. Bitcoin will decide where it will go next and breake the triangle.
Because of the triangle looks more like a rising wedge and generally the accumulation lasts longer, it is more likely to go down in my opinion.
However, these are the strange times and also the halving is getting closer. So Bitcoin can surprise us and we can't wait to see the next move.
If the bears are stronger, the target is the red square; between 5200 and 5600.
If the bulls are stronger, the target is the green square; between 7700 and 8100.
Let's wait, be prepared and see what the next move is!
We can see that there is a support at 6800 and a resistance at 7200. We can expect BTCUSD to move the way on the blue arrows.
However the next step after the blue arrows looks huge. Bitcoin will decide where it will go next and breake the triangle.
Because of the triangle looks more like a rising wedge and generally the accumulation lasts longer, it is more likely to go down in my opinion.
However, these are the strange times and also the halving is getting closer. So Bitcoin can surprise us and we can't wait to see the next move.
If the bears are stronger, the target is the red square; between 5200 and 5600.
If the bulls are stronger, the target is the green square; between 7700 and 8100.
Let's wait, be prepared and see what the next move is!