As we can see on the chart above, BTC is forming a symmetrical triangle pattern. We see 3 lower highs and 3 higher lows. On top of that, a failed breakout occurred which formed a bearish double top pattern. As a result, BTC dropped to test the support trend line once more.
The upcoming few days are very important for BTC, it'll have to decide if it'll bounce off from this important support trend line and breakout from this symmetrical triangle or tumble down into the depths of hell. So relax and grab some popcorn as we watch the bulls and bears go head to head into battle.
The upcoming few days are very important for BTC, it'll have to decide if it'll bounce off from this important support trend line and breakout from this symmetrical triangle or tumble down into the depths of hell. So relax and grab some popcorn as we watch the bulls and bears go head to head into battle.