Bitcoin's daily price action is forming a symmetrical triangle.
Every time price touched the upper line (orange line), a head and should pattern was formed.
Price could reach green rectangle. It is a zone where demand is greater is predominant.
The RSI is showing that BTC is losing momentum.
My long-term view is bullish not only for BTC but also for altcoins, but meanwhile BTC needs a correction to be completed.
Every time price touched the upper line (orange line), a head and should pattern was formed.
Price could reach green rectangle. It is a zone where demand is greater is predominant.
The RSI is showing that BTC is losing momentum.
My long-term view is bullish not only for BTC but also for altcoins, but meanwhile BTC needs a correction to be completed.