In addition to my idea for BTC forming a large triangle pattern, it's possible to consolidate right below the upper resistance line of the triangle and break out from there without retesting the lower $50K support line.
This option is also supported by the reduced supply of BTC on the exchanges and the overall market sentiment.
This option is also supported by the reduced supply of BTC on the exchanges and the overall market sentiment.
Comment:
As expected, we retraced back to the support line and bounced from it.
