I feel like one of three things play out here:
1. We drop to retest around $20k before bouncing again
2. We break above the triangle in a fakeout and drop
3. We see a proper breakout and begin to rally towards the value range around $27k to $30k
Confirmation of any scenario depends on price and volume following through. There is a lot of empty space before $28k that price could rip through in the most bullish scenario, but I temper expectations given the macro climate.
1. We drop to retest around $20k before bouncing again
2. We break above the triangle in a fakeout and drop
3. We see a proper breakout and begin to rally towards the value range around $27k to $30k
Confirmation of any scenario depends on price and volume following through. There is a lot of empty space before $28k that price could rip through in the most bullish scenario, but I temper expectations given the macro climate.