FX.co ★ #Bitcoin M5: Bullish Symmetrical Triangle

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 64264.57/63438.46 whereas the lower border goes across 62549.23/63438.46. The pattern width is measured on the chart at 171534 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 63438.46 is broken, the price could continue its move toward 63438.61.