Happy Friday crypto friends! I wanted to look here at the longer consolidation triangle forming. I do anticipate this formation to keep playing out still over the next couple weeks. If you look at the previous times we saw BTC do this, we saw a move over a couple weeks, with sideways trading and consolidation for about a month period. This pattern happened on both of the last moves.
Weekly chart is still overbought and very much in need of a pullback to test supports, but no guarantee that it will happen now or anytime in the immediate future. Keep in mind though, markets always do what they're supposed to, just never when they are supposed to.
I hope you all have great weekend ahead, and stay tuned for some updates through the weekend!
