Bitcoin Begins Bullish Breakout

BTC had been in a triangle consolidation for the past 2 weeks — until Tuesday.

BTC is in the process of breaking out bullishly from its triangle consolidation on. Tuesday. Often the cycle low can migrate to the apex of the triangle during the consolidation. BTC is currently in a daily uptrend. Breaking bullishly out of the triangle consolidation indicates a continuation of its daily uptrend and signals a cycle band buy signal –so we will label day 30 as the DCL. 

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