BITCOIN after the huge bullish rally we have recently seen market has made a correction and is now consolidating in this descending triangle formation, im expecting more consolidation as range tightens before market will breakout, this could go either way we could see a break to the downside and a bigger correction, or we could see a bullish break due to all the heavy institutional investors buying vast amounts of BTC recently, we will simply be waiting to see what the market will do before reacting to it.
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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.