BTCUSDT: Expanding triangle

Bitcoin / TetherUS BINANCE:BTCUSDT

Aadil1000x

Hellow trader!

After a rise from 38.5K strong Support, BTC is now at 42.5 its about 11% rise.

Now BTC needs some more strength to break the previous high and for that BTC is in accumulation/consolidation. The pattern BTC has formed is an expanding triangle and currently, it’s at the top of the pattern and i am expecting a retracement from here towards supportive trendline.

There is a chance that BTC can push further upside and can break the upper trendline and later it will fall.

In both cases, we will see a drop soon.

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