BTC has been consolidating in symmetrical triangle for last 1 month and still there is more room to consolidate further. Upon breakout and retest from triangle, Technical target of this pattern is $36,653 and upon breakdown and retest we can see the target of of $25,218. So right now BTC is ranging in purgatory. There was a wick down on 12th may towards $26,702 but price went back up so right now BTC is in state of wait and watch. Don't take any positions until we have clarity plus weekend is here so expect some choppy movements.
Trade closed: target reached
Symmetrical triangle broke out and $25,218 target was a hit plus went way below that. Join our discord to get premium calls. Link of discord given on my profile.
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Disclaimer
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