Afternoon frends,

I hope you are all well.

BTC has formed a symmetrical triangle on the 4H chart.

There has been a slight retracement back to the Resistance turned support @ 44.2K

I’m expecting this zone to hold, printing a third touch of the triangle and a breakout to the upside:

Target @ 51-52K which would also complete the impulsive move to the 1.618 fib level.

A daily close below 44K and I’ll be looking for shorts but until then I’m looking for bullish price action.

Thank you for taking your time to read my analysis.

have a great day

Cheers,
Prince

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