Bitcoin in a no trade zone!
Chart clearly gives a bullish pattern “Ascending triangle” which is bullish .
Bitcoin bounces hard when every time it touches the lower channel. but it failed to break or even test the upper channel for a breakout a couple days before!
Possibilities are:
1. BTC consolidates within this triangle for more of coming days.
2. BTC gains momentum and breaks the 44500 resistance and heads over to 53k zone which I marked as green.
3. Unexpected things may happen as a surprise. we might test the next support are of 33k – 32k zone! Huge support IMO the Red zone that I marked.
I believe in the 1st point and sooner we break above 50k. more consolidation the more better!
Wait for a breakout on either side and trade shorts or longs accordingly!
Safe trading!

