Very short-term price prediction for BTC

Updated

BTC has been ranging since two days. I'm looking at its chart on 1H timeframe and realize that a diamond bottom pattern has formed. Price is on the left lower-edge of the diamond and RSI touches its trendline. I think in few hours this ranging would end and we'll know better about the trend on higher timeframe. Statistically, breakout is favored.
Still I think BTC could reverse to go to see 48K again on the next days.

Note

Some minutes after this post, BTC has broken up. Seem that reversal (to 48K in mid-term) is likely. BTC to close above 41500 with a 4H candle would be a good sign.

Trade closed: target reached

Target 41600 reached.
BTC is now at the beginning of a reversal. It's trying to get over the EMA 230D (at 41500).
Next step: keep eyes on 42600, a strong pull down may happen.

evasivesteering

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