BTC is in a channel which is forming an ascending triangle . But we are still not out of the bear market.
BTC could break this heavy resistance of the HL trendline at the end of this triangle. If so, it could jump to 5,5k$+. And we could probably start a new accumulation phase before the next bullrun.
Wait for the breakout. But if it breaks the support, it could make a last drop to about 2,5 - 2,8k$, which would be for me the absolute bottom.
BTC could break this heavy resistance of the HL trendline at the end of this triangle. If so, it could jump to 5,5k$+. And we could probably start a new accumulation phase before the next bullrun.
Wait for the breakout. But if it breaks the support, it could make a last drop to about 2,5 - 2,8k$, which would be for me the absolute bottom.
Note
The downtrend has been broken sooner than expected.The bear market could be a part of the past now.
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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.