BTC has broken out of the trendline and is currently facing rejection from previous support trendline along with the macro resistance present in that area/ One thing to be noted is that it has been making rectangular structure for last couple of days which is similar to the Ethereum. Rectangle usually indicates trend continuation and we have seen with Eth how it broke out of it and continued its upward trend.
BTC is following the same pattern and it is yet to be seen rather we will be breaking out upward or downward. Either way, the move is gonna be a big one.
BTC is following the same pattern and it is yet to be seen rather we will be breaking out upward or downward. Either way, the move is gonna be a big one.