Bitcoin – Reviewing the current rally

BTC/USD COINBASE:BTCUSD

Crypto-Swing

Isn’t it great to see appreciation in BTC after such a long period of decline. In this chart you can see BTC has broken out of a symmetrical triangle formation (dotted black line) and is now approaching major resistance at $45.5k.

Will it pull back at the point and re-establish its downward trend, or continue to land on the moon?

The head winds are strong and I feel that the correction is not yet over. But what do you think?

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