Bitcoin has broken out from a triangle pattern and this might trigger a rally towards 44000$. 44K being a stiff resistance can cause reversal at higher levels. A minor Resistance is also seen at 42500$ which could also act as a trend reversal point.
Breakout might retest in the trendline which could be a potential safe entry. Price needs to sustain above the broken trendline for bulls to act. In case of a fakeout Bears will enter and drag the price further down.
Breakout might retest in the trendline which could be a potential safe entry. Price needs to sustain above the broken trendline for bulls to act. In case of a fakeout Bears will enter and drag the price further down.
