![1.png](https://ipfs.busy.org/ipfs/QmPi1DuLh6qCEECRB4icebbyvmyQ7Jf55BpAi4c2m8zjF1)


Bitcoin price was lower in height and higher, forming a triangular formation. The price is near the end of the formation, that is, shortly Bitcoin should show in which direction it will go.
 
The technical indicators are in different opinions, with the majority showing that the decline is likely to continue. There are, however, signs of a reduction in the strength of the bears, which can cause buyers to activate.
 
Wherever the Bitcoin begins, the movement is expected to be within about $ 700, as the triangle boundaries are $ 6200 and $ 6900 respectively.
 
Good news from the United States that Bitcoin and Eterium did not fall under federal securities laws also had a rather limited positive effect. Most likely, buyers are expecting a much stronger signal from regulators around the world to get into the market more seriously.
 
*The analysis is for informational purposes only and does not constitute advice, recommendation or offer to buy or sell Bitcoin, any other crypto or financial instrument. SuggeElson Ltd is not responsible for any losses after the use of the current analysis. Invest wisely and only amounts that you can afford to lose.*

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image source - TradeView