Bitcoin is being compressed into a triangular pattern. In my opinion, this is a continuing pattern.
If the triangle pattern is complete, the important supports are:
1: 28850-31200
2: 23800-24350
3: 19800-20500
If Bitcoin succeeds in breaking the ceiling of the triangle and the range of 46,000 upwards and stabilizing it, this pattern will be invalidated.
If the triangle pattern is invalidated, the price resistances are:
1: 40700-42200
2: 44600-46300
3: 50500-52000
In my opinion, Bitcoin needs to cross the level of 52,000 to start its uptrend and stabilize above this area, which seems unlikely given the world economic and political conditions.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 12.Mar.22
⚠️(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
If the triangle pattern is complete, the important supports are:
1: 28850-31200
2: 23800-24350
3: 19800-20500
If Bitcoin succeeds in breaking the ceiling of the triangle and the range of 46,000 upwards and stabilizing it, this pattern will be invalidated.
If the triangle pattern is invalidated, the price resistances are:
1: 40700-42200
2: 44600-46300
3: 50500-52000
In my opinion, Bitcoin needs to cross the level of 52,000 to start its uptrend and stabilize above this area, which seems unlikely given the world economic and political conditions.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 12.Mar.22
⚠️(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️