Bitcoin moving in symmetrical triangle

Bitcoin is moving inside a symmetrical triangle on a daily chart. Break down target is $18,950 and breakout target is $21,003

Price has been ranging between $19650 to $20400 for over 11 days now. This is considered as a boring market. People are mostly longing from support and shorting from resistance.

We will soon see a move on either side because we have some events lined up in coming weeks

Sept 13: CPI data
Sept 15: ETH merge
Sept 21: FOMC rate hike decision

September is considered as one of the worse month in crypto, But we know BTC goes opposite of the herd mentality

Most of the people are of the opinion that we will see $13K, You can't just out-rightly say this. You have to go from level to level. Firstly we need to break down from $19500 level to see $17K which is a strong level to break. It would be catastrophe for crypto if we go below this level, Like I said bottom is in already and we will consolidate for 2-3 months maximum before moving to the next cycle.

Stay patient because you have survived this bear market so you will reap rewards of bull market.

Trade closed: target reached