Bitcoin breaks the downtrend

in #bitcoin2 years ago

Bitcoin has broken out to the upside

The weakness in bitcoin may be over in the near term.

We may have some pullback in the immediately future, but beyond that, the trend appears to be up again with the latest downtrend break.

Check this out:

image.png

(Source: https://twitter.com/rovercrc/status/1630861432941334529/photo/1)

We have a symmetrical triangle breakout to the upside, which usually means more upside to come.

The measured move takes the price to the $27k-$28k area...