Bitcoin has formed lower highs and higher lows to create a symmetrical triangle on its daily time frame. Price is currently testing the resistance, still deciding whether to make a bounce or a break.
A bounce could take price back to the bottom of the triangle around $9,600 while a break higher could spur a rally that’s around the same height as the chart formation. The triangle spans $9,000 to around $13,500 so the uptrend might last roughly $4,500.
The 100 SMA is above the longer-term 200…
- 77https://www.youtube.com/watch?v=wku6MGYDuPE BTC, ETH/ Technical analysis price forecast 29 jan Hello! I make Bitcoin, XRP (Ripple) & other crypto technical analysis price predictions based on charts.
- 61Bitcoin appears to have completed its bullish breakout from the symmetrical triangle pattern visible on the 4-hour time frame. Price has also bounced off a quick retest to the broken resistance.This suggests that Bitcoin could be due to resume its longer-term climb that might last at least the same height…