Bitcoin is trading within a descending triangle pattern above a significant horizontal demand zone, supported by the 200-day moving average. A breakout above the resistance at $63,000 or a breakdown below the support at $57,800 will indicate the next significant move.

If it breaks above $63,000, go long; if it breaks below $57,800, go short.

#altcoins #BTC☀ #ETHETFsApproved #MtGoxJulyRepayments #CPIAlert