February 21, 2026

Descending triangle, but a chance to enter the previous channel

Descending triangle, but a chance to enter the previous channel

Descending triangle, but a chance to enter the previous channel

Descending triangle, but a chance to enter the previous channel

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
pnaik732


Descending triangle, but a chance to enter the previous channel

There was a downward channel which was recently broken. BTCUSD is now re-testing that channel, after bouncing off of major 28.6k support. If BTCUSD can breakout upwards this is a good sign for at least a quick run higher. Otherwise back down to 28.6k we go for another test.

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