Bitcoin w-pattern breakout

29 Ağu 2021

BTCUSD has broken out of a w-pattern and is now retesting 50k. This is very positive for the bulls, and the bull cycle continuation as a whole. If we break 50k here today, I would be anticipating 55k within a week. Insofar as trade setups, we're a bit too late to long this breakout, so I am waiting for some consolidation into a more predictable pattern. I will update when I think this has happened.