Bitcoin update & Hyblock Heatmaps
After BTC had broken out of last week's range on Thursday but failed at the '21 high, it is now in a new range between the two old ones, forming a triangle.
Saturdays are usually the quietest days in the market, but the levels of the ranges and trendlines are very clear for trading.
On the mid timeframe, I think Bitcoin will range a bit further.
If we are currently seeing a forming triangle on the daily timeframe, then we are talking about 2-3 weeks more (2 weeks in TOTAL chart & 3 weeks in BTC chart).
And since this is a continuation pattern, the continuation of the trend is still the most likely scenario - total market cap & altcoins haven't even reached the old ATH yet!
Looking forward to the upcoming month with you guys đŤ°
Have a great weekend and please hammer that like button!
