BITCOIN inside of a symmetrical triangle that can push the price into ...

BTC 12h chart (BYBIT)

After a second rejection from the previous ATH (69182), Bitcoin price is trading inside a symmetrical triangle.

For now, we need to keep an eye on the key support level of 62500 (bottom of the triangle) and 68000 (diagonal resistance).

Usually, inside a symmetrical channel, we have a good amount of time for choppiness until the triangle is broken in one direction or another.

I am looking for a possible short trade with entry at the above diagonal resistance. For a long trade, I am looking for a reaction of the lower key support market in the chart.

In case the triangle ends up with a bullish output, we might see the 77700 level targeted. If the bears will get in control, we should keep an eye for a reaction of the 59000 level and the lower levels of support.

Note: Check your broker chart and see the price level difference. This is just my opinion and it is not meant to be a signal or financial advice. Trade safe and manage your risk.

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