BTC - WHERE ARE THE BEARS? (ALL TIME HIGH HERE WE COME!)

8 Nov 2021

Update to bitcoin following the weekly close. The triangle pattern we identified on the daily time frame has finally broken out to the upside! A few things to keep in mind here.. not a ton of trading volume on this breakout so could this be a fakeout? If no fakeout, our next level of resistence to the upside is the previous high and after that Im looking to the 1.618 fib level from the last move down which is currently sitting around 73,000 USD.