BTCUSD - Breakout Rally Pending

18 окт. 2023 г.

Currently Bitcoin's weekly chart is in a Bullish Ascending Triangle within a larger Long Term Up Trend. If as the short term pattern concludes with a Bullish Breakout on Higher volume, either before or at year end, then I suspect the potential move will be between 37k-39.4K

18 окт. 2023 г.

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Further to the image above you can see how for the past 9 months BTC has overall been trading Neutral with tradeable price swings. In March BTC resurected their Golden Cross status with the 50day ema crossing the 200day ema with no significant bullish move. Currently there is a Bearish MA Cross but that can be short lived.