BTC appears to be forming a higher low on the 4hr chart.

The target breakdown ended up being lightly shy of hitting its mark this time before turning around although I had anticipated a potential pump fake back up to the 4hr 50ma so thee's still a chance that this could be that pump fake. I am much more hopeful that we will simply achieve a higher low from here because if so, odds are very good that we can maintain price action above the weekly charts descending triangle pattern. This is the 3rd time we have had price action above that pattern and if we can maintain above it for 6 more days it will be the first time we've closed a follow up confirmation weekly candle above it without falling back into the triangle which would be extremely bullish. Knowing how we fell back into the triangle at the last minute the 2 times before I'm not gonna get my hopes up on that until the close is complete but with the apex of that triangle pattern at hand odds are much better now that we have broken above it for a 3rd time that this time we will close above. For now we will have to wait and see an also still have a gameplan prepared should it once again dip back into the triangle. The new potential higher low on the 4hr however is a very encouraging sign.