Bitcoin is continuing its uptrend following the Elliott waves pattern. Currently, it's trading within a symmetric triangle pattern, which typically breaks in the direction of the prevailing trend. Get ready for a big move after the breakout
Bitcoin is currently on its eight weeks since after halving on April, and from records, Bitcoin usually takes off the 10th weeks after halving and this I think is why we haven't started to witnessing the explosive move in the price of Bitcoin we all are expecting. We are still into a range and won't expect much until we break out, Now we got rejected again at the level of $72k which has in the past couple of times acted as a strong resistance point. So, there are two now waiting for Bitcoin, Either we move upwards to break this $72k, or we go down to revisit the bottom of the symmetrical triangle formed before we will see another leg upwards.Welp, we have made it this far and it hasn't gone parabolic yet but I like what I am reading here, if you're right then in the next two weeks we could possibly see a huge breakout that would shake the whole ecosystem into a state of euphoria and I definitely can't wait to see that happen again. Hopefully it happens sooner than later but all the more time to stack more sats to get prepared for the next hike
