📈 Daily TA: Bitcoin (BTC/USD) | 07-12-2020

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Hello, dear members of LeoFinance!

Today I just want to point out that BTC/USD has been recently consolidating within a Symmetrical Triangle in the 30-minute time frame:
07.12.2020 BTCUSD TA.jpg
Theoretically, a Symmetrical Triangle is considered to be a continuation pattern. That's why let's hope that when BTC/USD exits the triangle, it resumes the uptrend and hits the $20K mark.

To be continued ...

As of the time of writing, one Bitcoin costs $19,165.78 on Bitstamp crypto exchange, according to TradingView.


A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.


Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.


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📈 Daily TA: Bitcoin (BTC/USD) | 07-12-2020 | Ecency