Bitcoin Descending Triangle to 25k ?

4 Ağu 2022

Looks like a breakout and retest/downside fake out by BTC here in this descending triangle pattern. A conservative measured move target shows there will likely be some profit taking around 25k. A more aggressive measure move target (Not pictured here) could take price to around 26.9k level if a volume breakout and 4h candle close above 25k occurs.