BITCOIN WILL BREAK THE $10K RESISTANCE NEXT MONDAY
Updated
As you seen on the chart, we are currently on a ascending triangle formation, which is a bullish price formation that functions like this:
1- Bitcoin finds a hard horizontal resistance
2- It then test the resistance once and gets rejected
3- The price drop but sets a high low ( commom on ascending triangle to set multiple high lows )then tests the same resistance a second time only to be rejected once more
4- Buy the third try, Bitcoin has build up enough momentum to finally break to the horizontal resistance.
1- Bitcoin finds a hard horizontal resistance
2- It then test the resistance once and gets rejected
3- The price drop but sets a high low ( commom on ascending triangle to set multiple high lows )then tests the same resistance a second time only to be rejected once more
4- Buy the third try, Bitcoin has build up enough momentum to finally break to the horizontal resistance.
Note
Still on track, the support is holding the price and the bulls want higher price
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