BitcoinUpdated BTC Consolidating for Break towards Channel Edges
BTCUSD is in a major consolidation, break above or below the pattern will see BTC retesting its range top/bottom.FFI's consolidation is also suggesting market participants watching from the sideline.
Breakout from the 9,000-13,800 will see further directional move.
Trade closed: target reached
BTC traded towards the bearish end of its triangle breakout. A break below 9,000 support level will see a bearish directional move by BTC towards 7,500.If current level is supported. BTC is expected to retest its earlier lower triangle line at 10,500.
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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.