BTC- Longer Term price moves
BTC is exhibiting an Ascending Triangle with higher lows which hints at a breakout to the upside.
There will likely be some fake breaks given the degree of indecision on the lower time frames but failure of the previous support and resistance could precede a larger longer-term directional move - Important to observe how price reacts to the pivot high resistance (62,300), as well as the hourly 200 Moving average support before confirmation of direction.
There will likely be some fake breaks given the degree of indecision on the lower time frames but failure of the previous support and resistance could precede a larger longer-term directional move - Important to observe how price reacts to the pivot high resistance (62,300), as well as the hourly 200 Moving average support before confirmation of direction.
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