Bitcoin is forming a bullish pennant on the daily timeframe. A classic continuation pattern following strong upward momentum. A breakout above the resistance trendline could signal the next leg up. Watching closely for volume confirmation and a potential retest before continuation. Bullish bias remains intact as long as support holds.
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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.