Bitcoin technical analysis
The overall trend is positive. We can see a steady rise of BTC then accelerating parabolic and then correcting 3 times and in the overall view we can see that a triangle developed.
Triangles are in majority a pausing and momentum recovering formation. Usually triangles in a uptrending price indicate a bullish continuation of the price. The probability of the price to break out upwards is higher than breaking out downwards.
Its a very interesting point right now
What do you think and why?
What do you see here coming. Do you have any further analysis and suggestions ?
i think we are in a bear market price will fall its been due fr a long tine
the next hours/days will be very interesting.
I think volume and trade activity will explode once a lane gets broken.