Bitcoin Breakout Watch

BTC in the process of forming a triangle consolidation, which is causing our daily cycle count to be uncertain.

Tuesday was either day 43 for the daily cycle or day 16 of a new daily cycle.What is clear is that BTC is currently in a daily uptrend. A bullish break out of consolidation will indicate a continuation of its daily uptrend and signal a cycle band buy signal — in which we would then label day 27 as the DCL.

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