Bitcoin managed to reverse the losses from Wednesday and is facing an important test at the recent downtrend on the chart today. From a larger perspective, we have a descending triangle which in theory should break to the upside. Watch 
31K as a trigger signal for those of you looking for a buy signal. For support, 
29K needs to hold in order to keep this pattern intact.
31K as a trigger signal for those of you looking for a buy signal. For support, 29K needs to hold in order to keep this pattern intact. 
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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.