Bitcoin will continue to grow and exit from triangle pattern
2025-02-12
Category: None

Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price entered a downward triangle, where it at once rebounded from the resistance line and started to decline. In a short time, the price fell to the resistance level, which coincided with the seller zone, broke this level, and dropped until to support line of the triangle, breaking the support level too. Next, BTC turned around and made a strong impulse up, breaking 95000 and 100000 levels, after which it turned around and started to decline. Price later fell below the 100K level, breaking it, and continued to fall next. Later BTC rose to the 100K resistance level, but at once turned around and dropped to the support level, which coincided with the buyer zone. After this, the price rebounded from the buyer zone and reached the resistance line of the triangle, and then corrected back. Then Bitcoin started to grow, so, I think that the price can correct to the support line and then rise to the resistance line and break it, thereby exiting from the triangle pattern. Then BTC will continue to grow, therefore I set my TP at 99K points. Please share this idea with your friends and click Boost 🚀