Bitcoin is about to break out towards new all time out, if it breaks out from the current triangle pattern.
Since a few day, we see volatility decreasing, Bollinger band narrowing, MACD magnitude reducing.
We are about to see a breakout, the 1M$ question is what direction ... It is hard to tell at this point but considering the general moment, the interest from institutionnal investors and the general excitement surrounding crypto's there are good chance that we only at the beginning of this bull cycle.
In that case, I would bet that the breakout is likely to happen towards higher high with a strong possibility to see All-Time-High breakout in the coming days.
Since a few day, we see volatility decreasing, Bollinger band narrowing, MACD magnitude reducing.
We are about to see a breakout, the 1M$ question is what direction ... It is hard to tell at this point but considering the general moment, the interest from institutionnal investors and the general excitement surrounding crypto's there are good chance that we only at the beginning of this bull cycle.
In that case, I would bet that the breakout is likely to happen towards higher high with a strong possibility to see All-Time-High breakout in the coming days.