Bitcoin
Long
Updated

$BTC to test 13k soon

Right now, I see BTC trading in a tight consolidation pattern, coiling up like a spring before it makes its next move. If this breakout is to the upside, than I expect price to test the high made late June. A downward break here and at a minimum we would retrace to 10.8k. If that fails to hold, than I expect lower lows to be made around the 8k range.

But as of right now this is a continuation pattern with the relative trend being bullish, ergo the triangle has a higher probability to break up.

snapshot
Note
snapshot

Higher lows pirce / lower lower momentum indcator = hidden bullish divergence
Note
snapshot

Triangle pattern still in play

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