๐คฏBitcoin Analysis "Breakout Analysis"
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Bitcoin ( BTCUSDT ) Price Prediction 2022
The above chart of Bitcoin ( BTCUSDT ) laid out the Ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, Bitcoin ( BTCUSDT ) is in the range of $21450 If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $20960, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $21700
Sell Entry : $21484
Target : $20960
Stop Loss : $21700
View Negated above $21800
The above chart of Bitcoin ( BTCUSDT ) laid out the Ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend . This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level , the price will continue to move up in this ascending triangle pattern.
Currently, Bitcoin ( BTCUSDT ) is in the range of $21450 If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $20960, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $21700
Sell Entry : $21484
Target : $20960
Stop Loss : $21700
View Negated above $21800
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