Fourth symmetrical triangle in 10 days. Decreasing maximums and increasing minimums take place making the price converge towards one point.
At the moment, all of them have broken the triangle upwards. However, this ocassion can be different. The Bitcoin price has been continuously making lower maximums since May 15th, regarding the minimums they haven´t been coninuously increasing.
This is very commonly interpreted as a bearish sign. Price is very likely to move towards the lower part of the triangle and not breaking $8,000 afterwards.
Uncertainty is high, however, the outlook is bearish.
The Copilot
At the moment, all of them have broken the triangle upwards. However, this ocassion can be different. The Bitcoin price has been continuously making lower maximums since May 15th, regarding the minimums they haven´t been coninuously increasing.
This is very commonly interpreted as a bearish sign. Price is very likely to move towards the lower part of the triangle and not breaking $8,000 afterwards.
Uncertainty is high, however, the outlook is bearish.
The Copilot