Bitcoin
Long

Bitcoin Nearing A Breakout

150
Weekly, #BTCUSD.

Bitcoin closed right at the resistance line of the large, YTD, descending triangle which is also the 20 week moving average of $7300.

A breakout of this triangle, and a weekly close above it, could signal the break of the 9 month down trend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.