🔥 Bitcoin's Potential Break Out: Weekend Analysis

A couple of days ago I made an analysis stating several short term moves for Bitcoin.

It seems that the bulls are taking the overhand in the short-term. Last 24 hours we saw a strong bounce off the bullish channel's support, with the catalyst happening a couple of hours ago.

Currently, we're seeing a short period of consolidation around the bearish triangle resistance (blue). Take a look below for a better long term overview:


This weekend might be a very important moment for BTC and crypto as a whole. In case of a break out, expect some consolidation (potentially a small reversal) around 36.5k. In case we can get past 36.5k, there's a very realistic chance that 40k will be around the corner.

Happy trading!