Bitcoin has to make a turning point!
This is BTCUSDT, 4H chart, price is consolidating in an asymmetric triangle, and both Short and Long scenario is possible.
What I find fascinating about this is that not even the largest exchange hack in history was enough to keep price down for long, nor did we fall below the lower line of the triangle pattern which I think is very bullish for the technical outlook. If the largest exchange theft in crypto history wasn't enough to drop price out of the triangle and send Bitcoin below 10k then I'm a little more bullish on price than I've been over the past few weeks. Thinking that we might be near the end of this downtrend from 20k and close to making a run to at least
13K in the short-term if we break out of this triangle to the upside.
What I find fascinating about this is that not even the largest exchange hack in history was enough to keep price down for long, nor did we fall below the lower line of the triangle pattern which I think is very bullish for the technical outlook. If the largest exchange theft in crypto history wasn't enough to drop price out of the triangle and send Bitcoin below 10k then I'm a little more bullish on price than I've been over the past few weeks. Thinking that we might be near the end of this downtrend from 20k and close to making a run to at least
13K in the short-term if we break out of this triangle to the upside.
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