Bitcoin Trend Analytics May 5th – After +50bp
Bitcoin / TetherUS BINANCE:BTCUSDT
+50bp within expectation – a sloppy breakout.
Now BTCbrokeup the triangle and came back to the channel, which is still unstable.
However, the breakout hasn’t been completed. BTC is going to oscillate around the center today. If the price holds the center for 24 hours, it will serve as a support.
Currently, it’s testing the center to settle the direction. Indicators show short-term strength to the upward. We’ll keep an eye on that.
