Bitcoin 36.5k squeeze into a quiet market

28 de jan. de 2022

BTC 4hr is again forming into a symmetrical triangle pattern which cannot be biased there almost always will be a decent move either way as the squeeze tightens Some factors favor a bounce like a rising rsi into increased volume since the 32.9k pivot On the other hand the daily chart has not confirmed a bottom yet The bulls have been winning the battles on the higher volume keeping the 36.5k POC valid ground to gain support for the bounce But who will win the war? If we don't get a bounce out of here we could see the bottom fall out with considerable downside So we are on the fence as we wait in anticipation