BitcoinLong
BTC - Bull Triangle - Possible Upside By June 11-12
It looks like BTC is putting-in a bullish triangle (blue), which could see an upsurge near its apex by June 11th or 12th. It could climb as high as $9700 at the upper resistance trendline (purple). This purple line has stopped many upturns recently, so it makes sense it would stop there again. Support levels look like $7500 (first yellow line) and $6900 (second yellow line).
Good consolidation inside the triangle between $7500 and $8000 makes the case for an upsurge near the apex as the price gets squeezed into a narrow area. At some point it will break out of there. Let's hope it will be to the upside!
Good consolidation inside the triangle between $7500 and $8000 makes the case for an upsurge near the apex as the price gets squeezed into a narrow area. At some point it will break out of there. Let's hope it will be to the upside!
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