Bitcoin trying to break out from triangle pattern, July 21, 2020.


Judging by a triangle pattern on the 60-minute chart, we can see that bitcoin is gaining momentum. On the monthly-weekly-daily charts, bitcoin is already making an Inside Bar. It is likely to test the previous intraday high at 9201.56. This scenario will come true if bitcoin does not decline and close bellow the 9095.25 level.


The material has been provided by InstaForex Company -