Bitcoin broke out of Descending Triangle pattern on Daily Chart indicating Bullish sentiment is rising, but didn't do it with rising volume for confirmation of trade entry. Absent a viral catalyst, expecting a retest of the descending triangle's resistance to confirm it's now support, which is good for a better entry. If BTC bounces off triangle successfully, next resistance is around the $40,000 area and then the $43,000 -$44,000 area.
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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.