$BTC is struggling with the weekly ma200; If it closes the week above it, there are high chances that it could be either a reversal in the trend for further upside or lateralization, as in the past. If it gets rejected above ma200, the 10-9k zone looks likely to be tested.
Bitcoin ranges in a symmetric triangle between 38k and 43k. The price is compressing in the daily time frame, converging to 41.5k. Expect a breakup in the following weeks leading BTC to a target price of 47.5k.
