Bitcoin formation still holding strong
This formation in place since July has been the key for btc . Back at the end of August as we finally saw a break of the key (pink) & a break through the 100DMA, we’d have expected a more persistent follow through, but the came in as strong support and that entire move was reversed swiftly.
And now we’re back to the top slope, and stuck between a medley of averages (20,50,100). The range is tight and a break is imminent either back towards the or finally out of this formation and back towards the long-term 50% fib retrace