The price of Bitcoin is still trapped in this huge symmetrical triangle, which hasnt allowed BTC to form a higher high. Volume looks quite good so I expect the price to break out to the upside in a couple of weeks. It is definitely possible that the price dips down once again to the lower 7K area before breaking 10K. Rainging between 9K and 7K could also lead to a mini Altseason.
I am closely watching Bitcoin dominance which is currently in a downtrend.
Happy trading!
I am closely watching Bitcoin dominance which is currently in a downtrend.
Happy trading!
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not too bad =)