BITCOIN UPDATE BTC follows an ascending triangle pattern. The pattern was observed in a 12-hour timeframe.
Previous resistance was encountered at both the horizontal level and MA 200.
BTC currently holding above the ascending trendline.
Importance of closely monitoring for a clear breakout or breakdown of the triangle.
Breakout or breakdown will determine the direction of BTC's price movement.
Previous resistance was encountered at both the horizontal level and MA 200.
BTC currently holding above the ascending trendline.
Importance of closely monitoring for a clear breakout or breakdown of the triangle.
Breakout or breakdown will determine the direction of BTC's price movement.