BTC/USD Bitcoin is now around the psychological level of 17,000 after briefly bottoming around 15,555.
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Almost similar to the gold futures trend pattern, bitcoin also rises because there is a possible risk of an increase in the Fed's interest rate.
However, keep in mind that there is an opportunity for profit taking by sellers to enter because the price is considered high enough and volume has been thinning over the last few days as seen in the daily candle which can indicate sellers are making distributions.
Moreover, if the seller pushes the price to break the lower triangle trendline support, then this can be considered confirmation of profit-taking potential for a decline to the level of 15,555.