#Bitcoin has a chance to break out strongly if the expanding descending triangle pattern is confirmed! 📈

- Trader Tardigrade: "BTC is moving in a descending expanding triangle pattern, similar to 2019-2020."

- When this pattern broke out, BTC rallied from $10,000 to nearly $70,000 in 2021.

- BTC/USD bounced strongly from support around $53,500, could break the resistance at $69,000.

Analyst Matthew Hyland:

- BTC bottomed before rallying strongly in Q4 of election years (2012, 2016, 2020).

- Hyland believes the bottom near $50,000 is the bottom for this cycle.

Independent trader Roman:

- Closed last week with bullish divergence, just a matter of time before a sustained rally.

Fear & Greed Index:

- Currently at "extreme fear" with a score of 25, down sharply from "fear" 39 days ago.

Some traders expect BTC price to remain stable in the short term, not seeing this as a bearish signal.

- Trader Mags: "Price is still consolidating above all-time highs. May bounce in a few days."

- Trader Daan Crypto: "BTC needs to make a higher low here, otherwise bulls will be in trouble."

What do you think of this prediction? Comment below! 💬#Crypto#BTC