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BTC analysis update

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The ascending triangle is not actually the triangle. Now we can define it as a rising narrowing wedge, which is a bearish sign.
Looking at global analysis we should remember about the big symmetric triangle. The wick of one candle touched it's upper band and went down. Now the price broke down the wedge and is going to retest the lower band approximately at $35500 level. Until the price is not able to break down the big triangle's lower band we have a chance to continue bullish rally. There is a high probability that the price retest the lower band of triangle and bounce off it to the upper line again. We should see a clear triangle's breakout to define the opportunity of the bullish rally continuation.

BTC analysis update | Ecency