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FX.co ★ #Bitcoin M5: Bullish Symmetrical Triangle

#Bitcoin M5: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the #Bitcoin M5 chart, signaling a likely continuation of the trend. Its upper boundary passes through 81306.37/80642.74, while its lower boundary passes through 79978.60/80642.74. The pattern width is 132777 points. When the Bullish Symmetrical Triangle forms during an uptrend, it indicates that the prevailing trend may continue. A breakout above 80642.74 could send the price toward 80642.89.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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