LIVENext Bitcoin $BTC Update on the 31st of May 2024 as I promise in my previous post🤝
#BTC☀ continues to range sideways for the past week.The larger trend is still up and anything above $62k is bullish territory.Slow price action the past few days but the market has always had times like these.Good things take time.My hypothesis about BTC, given with this post, Check it👉
Exactly,we see a similar scenario to $ETH and its most recent price action.We had a strong confirmation and bullish break out of the downward range.Path is clear for both the king and the queen of the market.Just wait and see👀
I try to provide a daily technical analysis of $BTC which may include some fundamental aspects as I see fit.If you have any other views than me, please engage in discussion!
Thank you❤️
LIVEBitcoin is now trading within a symmetrical triangle pattern.The 21MA is acting as support at this point.A breakout above the triangle would signal a bullish confirmation, whereas a breakdown below the triangle would indicate a bearish trend.If the level sustains then we might see BTC at near ath in coming days.But,it is crucial to await a decisive breakout or breakdown to confirm Bitcoin's next direction.
From now,We will try to update in every possible situation.
Happy Trading ❤️
#BTC☀ #Bitcoin❗
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