Bitcoin Appears To Be Forming A Large Symmetrical Triangle On Daily Timeframe!
If we don’t consider the wicks we can say that Bitcoin is forming the triangle that is to break around 9th of May but to which direction is about to be seen.
Bitcoin has been very volatile and most of the patterns ended up with fake outs or very quickly reversing, liquidating everybody who went against it on high leverage!
I will be staying with bearish scenario knowing how far away the upcoming having is! The triangle points to $23,000 target area
The Bullish one would be around $33,000
I could be completely wrong together with everybody else who thinks true bull-run starts after the next halving. This could be the case depending how many people believes that there is no chance for the bull-run before that! We can have a massive $33,000 pump and beyond…
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