BTC is trading and consolidating inside a huge triangle in the daily time frame. Holding the lower trendline support which is at around $18k level perfectly so far. As long as BTC holds this support we can expect a pump up above the trend line of the triangle which is at around $21k level.
For a good upside rally, BTC needs to break and close above the upper trendline of this triangle. Meanwhile, any daily close below $18k level might create more panic in the market.
There is no need to panic unless BTC gives a daily close below the $18k level. We might see a good bullish rally in the month of October.
For a good upside rally, BTC needs to break and close above the upper trendline of this triangle. Meanwhile, any daily close below $18k level might create more panic in the market.
There is no need to panic unless BTC gives a daily close below the $18k level. We might see a good bullish rally in the month of October.