BTC/USD possible breakout ideas

12 mar 2022

BTC remains neutral within a 4H Triangle, but still within the chanel. In order to invalidate this neutral pattern it needs to either break above 45,300 and make a Higher High (bullish) or break below 34,300 and make a Lower Low (bearish). In the bullish break-out, the target should be within the 1D MA200 and the 1.5 Fibonacci extension (48,000 - 50,800), while in the bearish case, the -0.5 Fibonacci extension at 28,900.