It seems that Bitcoin is forming an Ascending Triangle on the Daily TF. Following are some Key Takeaways to consider.

• The trendlines of a triangle need to run along at least two swing highs and two swing lows.
• Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing before the triangle, although this won’t always occur. A breakout in any direction is noteworthy.
• Target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.

Source of these takeaways are from Investopedia, as I think that this Article matches pretty much what I think about “Ascending Triangles”

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This Analysis is not intended to be investment advice. Always DYOR.