Bitcoin - another way out of the triangle - is it a trap?!
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I will slightly update yesterday's idea regarding the triangle.
Yesterday's swing can be said to have cut the triangle from both sides, there was an attempt to renew the maximum of 31455, but another ETF-related FUD interrupted this attempt and the price fell below $30,000.
At the moment, the price of the asset was able to recover and Bitcoin returned above $30,000 again and continues to consolidate in the range of $30,500-30350. Technical BTC has returned to the triangle again and there is a tightening to the upper border of the potturn, which may lead to another local takeaway towards $31,000.
But I also do not rule out that a new weekly candle will begin to form from a correction below $30,000, which is quite likely, and do not forget about the history associated with Binance, the SEC regulator and ETF, all this is still a big question, they often like to throw news after growth in 15-20% which has already happened.
I will slightly update yesterday's idea regarding the triangle.
Yesterday's swing can be said to have cut the triangle from both sides, there was an attempt to renew the maximum of 31455, but another ETF-related FUD interrupted this attempt and the price fell below $30,000.
At the moment, the price of the asset was able to recover and Bitcoin returned above $30,000 again and continues to consolidate in the range of $30,500-30350. Technical BTC has returned to the triangle again and there is a tightening to the upper border of the potturn, which may lead to another local takeaway towards $31,000.
But I also do not rule out that a new weekly candle will begin to form from a correction below $30,000, which is quite likely, and do not forget about the history associated with Binance, the SEC regulator and ETF, all this is still a big question, they often like to throw news after growth in 15-20% which has already happened.
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