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BTC is inside an ascending triangle that is a bullish continuation pattern.
The target is 77000$ on a successful break and retest of the 60000$ resistance.
RSI action is narrowing inside a peanut pattern that we most probably we will have to see a breakage out of it for the 60000$ resistance to break.
Because of that it is possible to see price coming down to the purple area before a break of the ascending triangle.
It is important the yellow line to hold for a bullish continuation.
And don't forget protect yourself with proper Risk Management.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day, wish you all the best !
BTC is inside an ascending triangle that is a bullish continuation pattern.
The target is 77000$ on a successful break and retest of the 60000$ resistance.
RSI action is narrowing inside a peanut pattern that we most probably we will have to see a breakage out of it for the 60000$ resistance to break.
Because of that it is possible to see price coming down to the purple area before a break of the ascending triangle.
It is important the yellow line to hold for a bullish continuation.
And don't forget protect yourself with proper Risk Management.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day, wish you all the best !