BTC - a break to the upside of the triangle likely a $500 run
Looks like BTC is about to break the triangle equilibrium pattern to the upside, if it does, then the move is probably $500.
There is a psychological resistance line at $8500 before hitting the $8740 price target for the move that could be tricky.
The next resistance beyond that would be the longer term trend line at $9200.
Waiting on confirmation of the break of the pattern to determine direction. A bear break would be a fairly substantial fall.
There is a psychological resistance line at $8500 before hitting the $8740 price target for the move that could be tricky.
The next resistance beyond that would be the longer term trend line at $9200.
Waiting on confirmation of the break of the pattern to determine direction. A bear break would be a fairly substantial fall.