Here is the chart reflecting descending and ascending triangle

To my humble opinion here is the chart that reflect past descending and ascending triangles expressing the break downs and break outs .

In the triangle 1 we have the current price action that is expected to break out either in triangle 2 or 2&3 as a protracted base because of the expected resistance around $ 6400.00

These ascending triangle also predict a break out either earlier around early May to the level of $ 6400.00 in triangle 2

The triangle 2 predicts a break out to triangle 4 arround mid July ...

However because the base of $ 6400.00 is expected to be protracted because of the Major Resistance element at that price the triangle 2 could extend till end September and break out into triangle 5 around that date.

The price action in Bitcoin has pretty much followed ascending and descending triangle formations so let us see what comes ahead,

Regards

Basil Paizee