BitcoinUpdated Bitcoin - Symmetrical Triangle
Bitcoin forms a Symmetrical Triangle. There are 2 scenario prices for the future.
Scenario 1: Downward breakout causes the price of Bitcoin to fall to around $20,000.
Scenario 2: Upward breakout will push the price up to the $50,000 range.
Scenario 1: Downward breakout causes the price of Bitcoin to fall to around $20,000.
Scenario 2: Upward breakout will push the price up to the $50,000 range.
Note
Bitcoin has broken the triangle pattern from the bottom. We will probably have a reaction in the 30,000 price range.
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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.