US EditionBitcoin Stuck Between $102K and $106K,Will the $104K Median Level Trigger the Next Move?
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Bitcoin Stuck Between $102K and $106K,Will the $104K Median Level Trigger the Next Move?
The Bitcoin currently trades in a descending triangle with the resistance of the boundary at 106,099 and support at 102,624. Compression of price action between the 21-day MA (resistance) and the 50-day MA (support) narrows the trade range. A breakout or breakdown of the recently formed triangle will probably dictate the broader directional signature in Bitcoin. Bitcoin is now trending in a falling triangle pattern on the technical day chart, wi…
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