BITCOIN HAS FORMED A DESCENDING TRIANGLE!!
- After playing out the short term bullish divergence, BItcoin has started forming this descending triangle!
- Traditionally, descending triangle is a bearish pattern but can break bullish in a bull market
- Technical target is $43350 if it breaks bearish with volume
- If breakout has no volume, watch out 47k, 45.9k and 44k support areas!
- Bullish scenario is 51.9k
- Always wait for a breakout confirmation with volume to confirm the move.