BTCUSD holding in a Symmetrical Triangle - Breakout soon?
Following a very strong period the BTCUSD chart has been in a continuation pattern for a week.
It looks like the trading range is continuing to narrow and a breakout is likely in the next couple of days.
Given the long-term bullish trend it's significantly more likely the breakout will be up but as the price sits close to ATH there remains a chance the resistance around the 20k level could prove too much and lead to a false breakout before price heads a lot lower.
My thoughts anyway.
It looks like the trading range is continuing to narrow and a breakout is likely in the next couple of days.
Given the long-term bullish trend it's significantly more likely the breakout will be up but as the price sits close to ATH there remains a chance the resistance around the 20k level could prove too much and lead to a false breakout before price heads a lot lower.
My thoughts anyway.
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