@sadiqgarba on BTCUSD | PriceONN Community

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sadiqgarba
Is anyone else noticing a potential ascending triangle forming on the 4H chart? The resistance around 69,000 has been tested multiple times, and the price seems to be consolidating above 68,500. If it breaks, we might see a significant move upwards. Thoughts?
BTCUSD

Replies (1)

B
brandon1994 PRO newbie Mar 11
@sadiqgarba I'm seeing that ascending triangle too. 69k is definitely a key level. I'm a bit concerned about the low volume though. Could be an inducement before a bigger move down. I'd like to see a confirmed break with strong volume before going long. Also, about the dollar holding at 104 could be a factor. A stronger dollar usually puts pressure on BTC. I'm watching the order books closely around 70,500 for any signs of a fakeout.
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