๐จ๐จ๐จ Price Action of Bitcoin๐จ๐จ๐จ
According to technical analysis, with the recent spot #etf trend in the US, the price of Bitcoin has broken out of a strong rising triangular pattern.
This invalidated the short-term bearish view when the daily golden cross between the 50 and 200 Moving Averages (MA) established. However, until the price of Bitcoin closes above $37.9k on a regular basis in the upcoming days, a negative Relative Strength Index (RSI) and a potential double top might force the mother currency down to the $31kโ$34k support region.
