Good morning dear people, today I come to present a small analysis of bitcoin, to try to predict the next movement, we all know that it is very difficult to always guess where the next movement will be. But for that we have the technical analysis and its different tools to try to predict the next movements.
In this publication I have to expose what I have been able to observe in an analysis carried out in the 4-hour time frame on the btc chart, in which we can draw a triangle where what I expect to happen is to break upwards, but be careful this upward breakout movement of the price is very likely to be a bulltrap to reach the price range of approximately 53,300, and then go down probably to look for the 49,500 area, due to the temporality of this, we would see at the beginning of next week the possibility of buying at better prices.
Greetings Until next time and remember profit is profit