After breaking the bearish channel, BTCUSD looks like it is forming an Ascending Triangle.
If price breaks the resistance of the triangle, we have bullish confirmation/ you can set buy orders in the region of 12k USD.
If price breaks the resistance of the triangle, we have bullish confirmation/ you can set buy orders in the region of 12k USD.
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BTC is bullish
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The support of the former bullish channel proved a tough resistance, bulls didn't have enough power to break it. Price bounced back and it's now on support, which is formed by the continuation of the triangle line. This support should be strong as it was tested 6 times in the last days. Let's hope it holds, otherwise we might retest 10k zone.
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Checkout BTC evolution from a broader perspective:
