Bitcoin Price Analysis | Ascending Triangle Pattern and Key Levels | Crypto
Thanks for checking out today’s update. Today, we are looking at Bitcoin on the daily chart.
Today’s focus is on the ascending triangle pattern we are seeing in the current up-leg. Could this set up a new breakout that retests the channel top and last week’s high? We have laid out a few scenarios we are watching this week from the price in its current pattern.
Focus: Bitcoin
Pattern – Ascending Triangle Pattern
Support – 33,780
Resistance – 34,717 – 35,480
The two main thoughts are a new push higher or a pattern failure and a new push lower. Overall, we are remaining bullish due to last week’s firm leg higher. If selling does develop, we will look for new higher lows to set up new continuations higher in the longer-term up-leg.
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