Don't want to see Bitcoin lose this support level...

in bitcoin •  3 years ago  (edited)

Bitcoin currently sitting on support of a large consolidation Triangle Pattern

I'd really like to see bitcoin hold these current levels if it is going to breakout later this year.

Right now it is on the lower bound of a large triangle pattern.

Check it out:

image.png

(Source: https://twitter.com/cryptokaydell/status/1442885462918672390/photo/1)

The price could certainly dip below and then go right back and breakout to the upside, so it's not imperative that it hold this level, but I'd sure like it to.

There is a ton of negative headwinds out there currently, bitcoin needs something positive coming out to get things moving north again.

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Interesting information, I will start to follow your content to be aware. :D