$BTC
Could the local bottom already be in?
On the lower timeframes, BTC has formed an ascending triangle, which could signal a bullish reversal if we get a confirmed breakout.
Considering how exaggerated the current panic in the market seems, I wouldn't be surprised if this turns out to be the local bottom.
However, the breakout is crucial for this thesis.
If buyers fail to break out and price loses the lower boundary instead, I expect another pullback toward $75.2K. #BTC Price Analysis# #Macro Insights#
Could the local bottom already be in?
On the lower timeframes, BTC has formed an ascending triangle, which could signal a bullish reversal if we get a confirmed breakout.
Considering how exaggerated the current panic in the market seems, I wouldn't be surprised if this turns out to be the local bottom.
However, the breakout is crucial for this thesis.
If buyers fail to break out and price loses the lower boundary instead, I expect another pullback toward $75.2K. #BTC Price Analysis# #Macro Insights#
