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.
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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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