Bitcoin is currently in an ascending triangle pattern, which is a bullish continuation pattern in technical analysis. This suggests that buyers are gaining strength and there is a high probability of an upward breakout. The fact that we're already seeing an upward movement supports the idea that a new uptrend may be starting.
In short:
Bitcoin is forming an ascending triangle, and we're witnessing an upward price movement, which could signal the beginning of a stronger bullish trend.
In short:
Bitcoin is forming an ascending triangle, and we're witnessing an upward price movement, which could signal the beginning of a stronger bullish trend.
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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.