Ascending Triangle on Bitcoin/USD

in #btc • 6 years ago

BTC is forming double tops at $11,714. Its currently in the shape of a "ascending triangle".

An ascending triangle is a bullish chart pattern used in technical analysis consisting of a horizontal trend line at a level that it has historically prevented the price from heading higher .

If BTC breaks the $11,714 mark, potentially we will see it breaking out to 12200
But before it breaks out, it might correct slightly.

#cryptocurrency #blockchain #money
6 years ago in #btc by
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