APEX is approaching, yeah BTC descending triangle's APEX is coming. I have shared both the scenarios here, once this Descending triangle breaks.
But I think here, we could possibly see a reversal, which means, the triangle would break upwards, primarily because of the Fundamental News.
With BAKKT and ETF approval/disapproval creating the buzz all around in late 2018, we can see an attempt to break it upwards. It'll surely be a wild ride though, whichever way it breaks.
Also, BTC does seem to bottom out and making a support here in the 6-6.5k territory.
But I think here, we could possibly see a reversal, which means, the triangle would break upwards, primarily because of the Fundamental News.
With BAKKT and ETF approval/disapproval creating the buzz all around in late 2018, we can see an attempt to break it upwards. It'll surely be a wild ride though, whichever way it breaks.
Also, BTC does seem to bottom out and making a support here in the 6-6.5k territory.