BTC consolidates in an ascending triangle

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Naglfar

Since the beginning of 2022 Bitcoin has been consolidating in a range, however this seems to be turning into an ascending triangle . Higher lows into resistance at 44500 (at daily close). In an uptrend, an ascending triangle usually has a bullish outcome. In a downtrend, the outcome is less clear. 37000 still holds as strong support.

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