BITCOIN ANALYSIS DAILY TIMEFRAME

We can see on the daily timeframe that Bitcoin has broken out of a descending triangle pattern. It has reached my S/R level shaded in green.

Wait for a strong signal either to the downside or upside from this key area to make a decision. If there is no signal do NOT enter. Be patient and wait for opportunities.

Overall I am still bullish on Bitcoin long term.


Daily trade analysis and ideas:

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