andrewkz98

BTC seems forming an ascending triangle

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BITSTAMP:BTCUSD   Bitcoin

We can see BTCUSD pair is currently forming an ascending triangle, which is a technically bullish pattern. Timeframe to the apex is about 48 hours. If this pattern pays out, we may see BTC price break out of the triangle. Giving the bullish pattern and BTC is in a uptrend. Most likely we may see a upside breakout within the timeframe.

This is only based on my analysis and my personal view. Your feedback or comments are welcome.

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