BTC key resistance, Ascending Triangle

BTC is at key resistance on the daily chart. The price has been forming an Ascending Triangle pattern. An ascending triangle pattern is usually considered a continuation pattern, but it can breakout on either direction. It is wise to wait for the direction of the breakout to enter a position. The price target of the triangle to the upside is around $25,800 levels. The price target to the downside is around $15,600.
Bitcoin (Cryptocurrency)BTCBTCUSDTChart PatternsTrend AnalysisTriangle

Also on:

Disclaimer