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RE: Bitcoin (BTC) Morning Update: Two Patterns Converging into One
Nice charts and technical analysis. We'll all be happier when bitcoin finally diverges out of this bearish sideways pattern and starts pulling the market back up into new all time high territory again. I sure hope it turns around soon. If it keeps on this narrowing descending wedge/triangle patter you show all the way to the apex, chances will be even better for a sharp dramatic spike to the upside. It's just been soooo slooooow and patience is the key for now.
My guess is a lot of people are waiting to see how things go at the G20 meeting in Argentina this weekend through Tuesday with respect to proposals by some Finance Ministers and Central Bank Governors for global crypto regulations, but who knows. All the best