BitcoinLong
The analyst angle
If we continue to bounce between 4000 and 3600 for the next few weeks, we reach apex of this triangle around 3rd of Feb.
The ichimoku cloud doesn't show too much resistance at the apex so I'm leaning towards a breakout upwards around that time as long as we don't fall below the support trendline which is currently at 3511.
This also lines up with seasonal price action historically around Jan-Feb most years.
Also these are the events around that time frame which may influence the direction of a breakout
coinmarketcal.com/en/?form[date_range]=12/01/2019+-+31/03/2022&form[keyword]=&form[coin][]=Bitcoin+(BTC)&form[sort_by]=&form[submit]=&form[show_reset]=
The ichimoku cloud doesn't show too much resistance at the apex so I'm leaning towards a breakout upwards around that time as long as we don't fall below the support trendline which is currently at 3511.
This also lines up with seasonal price action historically around Jan-Feb most years.
Also these are the events around that time frame which may influence the direction of a breakout
coinmarketcal.com/en/?form[date_range]=12/01/2019+-+31/03/2022&form[keyword]=&form[coin][]=Bitcoin+(BTC)&form[sort_by]=&form[submit]=&form[show_reset]=
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.