My analysis shows that we are approaching a decision time for bitcoin as it nears the end of a Symmetrical Triangle formation.
Typically Symmetrical Triangle break out as follows: 54% chance of breakout to upside 46% chance of breakout to downside
There is strong support at the $53,600 range. We can see that bitcoin has bounced of this support area multiple times in the past. Wait for the confirmation of breakout or breakdown to trade this pattern.
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