🚨 Market Update - 👀
Although we have seen Bitcoin consolidating over the past couple of days, and the range tightening, on the 4hr chart it has broken from this symmetrical triangle. We cannot be sure of the significance of that at this stage, as there has been no backtest, and BTC is trading under big 4hr resistance at $118.1k.
Watching for the reaction if the trendline from the symmetrical triangle is tested today, but I am also looking for a 4hr close above $118.1k. A close above this resistance could be the start of the move that sees BTC at 120k+.
Alternatively, any breakdown and I am still looking at $116k and $113k.
#BTC #CryptoDawar #StrategyBTCPurchase #USCryptoWeek #StrategyBTCPurchase
