After the launch of the Bakkt monthly futures market the Bitcoin price still remains in a low volatility state. The apex of what many would dub a symmetrical triangle classical chart pattern is nearing an end and should resolve in the next week or two. The move away from this consolidation pattern is likely to be violent.

Unfortunately it is difficult to predict the direction of these patterns due to their symmetry, yet, we can keep a bullish bias due to the trend before it and the similar situation that occurred after the bear market in 2015.



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