Bitcoin Price Analysis: The Bitcoin price moving sideways for the past three weeks has created a sense of uncertainty in the crypto market. However, the daily chart shows the coin price is specifically resonating between two converging trend lines projecting the formation of a symmetrical triangle pattern. This well-known continuation pattern can be used to predict the most possible outcome for BTC in the coming week.
Key Points:
In theory, the symmetrical triangle pattern is a continuation pattern that encourages the prevailing trend once the price breaches the trendline barrier of the respective side.
The ongoing consolidation in Bitcoin price remained above the 23.6% Fibonacci retracement level indicating the overall market trend is bullish
The intraday trading volume in Bitcoin is $12.06 Billion, indicating a 30.5% loss.
Source-Tradingview
By the press time, the Bitcoin price traded at $29035 with an intraday gain of 0.8%. With today’s jump, the coin price rebounded from the tria
We współpracy z: https://coingape.com/markets/bitcoin-price-analysis-guide-for-coming-week-with-potential-target-and-stoploss/
