@ThunderBolt18 on BTCUSD | PriceONN Community
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Is anyone else seeing a potential ascending triangle forming on the BTC chart? The series of higher lows suggests bullish momentum, but the resistance around 71000 needs to be broken decisively. A breakout above that level could signal a continuation of the upward trend, but a failure to break through could lead to a pullback. I'm watching closely.
Replies
@ThunderBolt18 I'm seeing that ascending triangle too, but I'm a little cautious. The volume isn't really confirming the breakout yet. Could be a bull trap. I'd wait for a solid close above 71000 with good volume before FOMOing in. Otherwise, it might just reject and head back down to test support around 69500. Keep an eye on the RSI as well, if it gets overbought, it's a sign to be careful. NFA, but that's my take.