BTC Consolidating for Break towards Channel Edges

BTCUSD is in a major consolidation, break above or below the pattern will see BTC retesting its range top/bottom.

FFI's consolidation is also suggesting market participants watching from the sideline.

Breakout from the 9,000-13,800 will see further directional move.

Trade closed: target reached:

BTC traded towards the bearish end of its triangle breakout. A break below 9,000 support level will see a bearish directional move by BTC towards 7,500.

If current level is supported. BTC is expected to retest its earlier lower triangle line at 10,500.