Bitcoin (BTC) Price Watch: Watch This Triangle for Directional Clues
Bitcoin Price Key Highlights
- Bitcoin price is still stuck in consolidation, forming higher lows and lower highs inside a symmetrical triangle on the short-term chart.
- Price is approaching the peak of this formation so a breakout might be due soon, providing longer-term directional clues.
- Technical indicators are giving mixed signals, although there seems to be some bearish pressure in play.