Bitcoin price action shows a symmetrical triangle playing out as supply and demand is evenly matched.
Investors seek confirmation of a bullish reversal or bearish continuation over the near term.
If price breaks to the downside we expect to test the 100 EMA south of $50k before rallying for new ATHs.
There were multiple corrections in the 2017 bull run before a top was reached.
Bitcoin's current setup suggests we could see a correction before resuming the bull run to $100k+
Investors seek confirmation of a bullish reversal or bearish continuation over the near term.
If price breaks to the downside we expect to test the 100 EMA south of $50k before rallying for new ATHs.
There were multiple corrections in the 2017 bull run before a top was reached.
Bitcoin's current setup suggests we could see a correction before resuming the bull run to $100k+
