Bitcoin is currently facing rejection at the resistance trendline of the symmetrical triangle pattern, with the 200MA acting as a strong resistance barrier above it.
A decisive breakout above the triangle and the 200MA could signal a bullish continuation, while a breakdown from the pattern may lead to a bearish move.
It's crucial to wait for a confirmed breakout or breakdown to determine the next directional trend.
Keep a close watch on price action and volume for further confirmation.ℹ️
Bitcoin is currently facing rejection at the resistance trendline of the symmetrical triangle pattern, with the 200MA acting as a strong resistance barrier above it.
A decisive breakout above the triangle and the 200MA could signal a bullish continuation, while a breakdown from the pattern may lead to a bearish move.
It's crucial to wait for a confirmed breakout or breakdown to determine the next directional trend.
Keep a close watch on price action and volume for further confirmation.ℹ️
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