As you all know that, either to buy or sell, patterns formed in crypto trading are much helpful for taking entry in an altcoin. The study of patterns provide a good opportunity to every trader for stepping into crypto. I always try my best to find out bullish pattern for taking entry.

Look at the trend line sketched on BTC which is depicting that BTC is trying to break resistance around $9000. Once it will be broken, the BTC will reach my first target of around $12000.

The possibility of breakout has been formed in 240 minutes time frame.

Tehnical Analysis Chart:

Have a look at the technical chart.

image source: www.Tradingview.com

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Indicators Used:

1. Relative strength index
2. MACD

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