Bitcoin Bullish Triangle: Slingshot to $20k
In the last two days, Bitcoin has seen a new price surge. This bullish movement will continue till around $19,500, where either of two things can happen:
- The price breaks through $19,500 and moves towards the ATH of $19,900, possibly hitting 20k and beyond.
- The price reverses towards the lower trend line and bouncing back. This would complete this bullish triangle set-up and slingshot the price towards 20k.
What happens after 20k is a mystery. I'm edging towards the idea that once this great resistance has been broken, we might see 25k very soon. Do your own DD to select your best exit point.
- The price breaks through $19,500 and moves towards the ATH of $19,900, possibly hitting 20k and beyond.
- The price reverses towards the lower trend line and bouncing back. This would complete this bullish triangle set-up and slingshot the price towards 20k.
What happens after 20k is a mystery. I'm edging towards the idea that once this great resistance has been broken, we might see 25k very soon. Do your own DD to select your best exit point.
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