BTCUSDT has been quite volatile lately since Dec., as it's moving within a broadening triangle pattern.This pattern is characterized by its expanding price range, meaning the price swings get larger and more dramatic over time.
Right now, Bitcoin has the potential to climb above $120K, but BTC could also drop sharply to $90,900.
That’s a massive $30K range—and it’s only expected to grow wider.
If we see one or two quick drops to the bottom of the broadening triangle, the market sentiment could turn bearish.
General investors might start panic-selling, which allows major players to collect coins at lower prices.
But here’s the key: even a sudden $30K drop within this pattern doesn’t affect Bitcoin’s long-term bullish outlook.
It’s just noise within the structure.
Are you ready to navigate this increasingly wild market?
Every coin has multiple potential scenarios. This is just one of them, and I’ll share more scripts in the future.
Follow me for updates! 😃
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🔴 Get 20% Off Every Spot Trading Fee on Bitge: lihi2.com/5tNHE
[Follow me] to see my 'guesses' on future scripts of various cryptos.
[Follow me] to see my 'guesses' on future scripts of various cryptos.
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.