$BTC is forming an ascending triangle on the 4H chart, and this is one of those setups where the next breakout could decide the short-term direction. 👀
Price is currently testing the $65.5K resistance area.
If bulls finally break and hold above it, I'm watching $66K-$67K as the next zone.
But I wouldn't ignore the downside. If the triangle breaks down and buyers lose the lower structure, $63K could come back into play.
Personally, I'm leaning slightly bullish, but I want confirmation rather than assuming the pattern will work just because it looks bullish.
What are you expecting?
👍 Breakout
👎 Breakdown
Price is currently testing the $65.5K resistance area.
If bulls finally break and hold above it, I'm watching $66K-$67K as the next zone.
But I wouldn't ignore the downside. If the triangle breaks down and buyers lose the lower structure, $63K could come back into play.
Personally, I'm leaning slightly bullish, but I want confirmation rather than assuming the pattern will work just because it looks bullish.
What are you expecting?
👍 Breakout
👎 Breakdown