Price is ranging within a massive triangle pattern which measures $17k... The apex of the triangle lines up perfectly around $bitcoin's halving event could act as a perfect catalyst for volatility. Once price starts moving, retail investors will start hearing about halving and fomo into this asset shooting price up that much more. I expect that once new highs are made that's when retail will really start stepping in.
The bottom trend line will fall around 5k so price can fall as low as that before my bullish hypothesis is invalidated and a new approach is required.
The bottom trend line will fall around 5k so price can fall as low as that before my bullish hypothesis is invalidated and a new approach is required.