Bitcoin (BTC/USD) Analysis
Key Highlights
BTC’s price has once again declined after a minor jump above $42,000. It is still in the consolidation phase between $45,850 and $34,324 with a bullish bias. The pair is trading within the symmetric triangle and bullish sentiment will continue if it breaks $43,300 (breaking out of the triangle).
Technical Analysis
Intraday trend – Bullish
On the daily chart, the pair is trading above Tenken-sen ($39,986), Kijun-sen ($39,828), and above Ichimoku Kumo cloud…
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