Likely Bullish Scenario
Breakout of triangle somewhere below $0.35 rally retest $0.35 Resistance. Rally to $0.42 All time high. If it can close above $0.42 it can re-enter the Nov 2020 Channel at $0.61.
Unlikely Bear Scenario
Breakdown of Triangle
Down to $0.26 then $0.23
The bear scenario is unlikely because we've already had over 45 days of Bitcoin Consolidation during this major up trend.
Breakout of triangle somewhere below $0.35 rally retest $0.35 Resistance. Rally to $0.42 All time high. If it can close above $0.42 it can re-enter the Nov 2020 Channel at $0.61.
Unlikely Bear Scenario
Breakdown of Triangle
Down to $0.26 then $0.23
The bear scenario is unlikely because we've already had over 45 days of Bitcoin Consolidation during this major up trend.