BTC still in the triangle...

A lot of people are now asking what's going on with Bitcoin. But in fact, the picture has not changed for more than a month... Bitcoin is stuck in a triangle and the next change is just in which direction the price will move out of this triangle.

Over the weekend, when the price was near the bottom of the triangle support in the order book, we could see a significant demand advantage

But already today the picture has changed, as the price rises the supply becomes more.

And now we actually have parity

In case the price comes out of the triangle upward, the nearest price value that can be expected is the area of 47k.

In this case, there are good chances that Bitcoin will be able to recover and we will see a new ATH

But if the price comes out of the triangle down and we will see a renewal of the current local low, the chances for the nearest renewal of ATH will be quite small...

And despite the fact that somehow or other some growth will follow this downward movement, all this fall can already be just the beginning of a longer downward phase.

So what will the game plan be...

We are looking to buy because one way or another we will get an uptrend. But in case the bears are strong enough to push the price even lower - be prepared.

You can be guided by the approach we discussed earlier (calculate the position as if it were your investment decision or follow the recommended risks)

In that case, if you buy now, but the price will go lower, it will most likely return to its previous value in the near future.