Ayrin-314
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Bitcoin, the biggest cryptocurrency, will be in the spotlight this week as technicals point to an eventual breakout or breakdown soon. The daily chart above shows that it has continued to form a symmetrical triangle pattern in the past few weeks.
The two lines of this triangle pattern are now nearing their confluence level. That is a sign that they will soon make big moves, potentially this week since it is the last one of the month.
The key support and resistance levels to watch are $88,960 and $109,100. A break below the support level at $88,960, its lowest level in January, will indicate more downside, potentially to $73,350, the highest point in March last year
#bitcoin #Bitcoin❗
The two lines of this triangle pattern are now nearing their confluence level. That is a sign that they will soon make big moves, potentially this week since it is the last one of the month.
The key support and resistance levels to watch are $88,960 and $109,100. A break below the support level at $88,960, its lowest level in January, will indicate more downside, potentially to $73,350, the highest point in March last year
#bitcoin #Bitcoin❗
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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