Hello guys,
Bitcoin is forming a triangle with the highs and lows it made for the last couple weeks. And right now, it reached to it's upper line and got a rejection. It seems like BTC is on the move to the lower line of the triangle, which is at 8700.
We will see what will happen next after we reach 8700. I'm bearish on the short-mid term (for the next 1-3 months) and I think it will go down after completing the triangle.
However there is always a chance to go up with the vibe of halving. But I give less chance to this move.
Best regards
Edi
Bitcoin is forming a triangle with the highs and lows it made for the last couple weeks. And right now, it reached to it's upper line and got a rejection. It seems like BTC is on the move to the lower line of the triangle, which is at 8700.
We will see what will happen next after we reach 8700. I'm bearish on the short-mid term (for the next 1-3 months) and I think it will go down after completing the triangle.
However there is always a chance to go up with the vibe of halving. But I give less chance to this move.
Best regards
Edi