As we predicted earlier bitcoin has fallen down after the rejection on upper channel boundary ~36k. It hasn’t reached the bottom of the channel at 29k. Instead btc bottomed at about 30200.

After reaching 30200 the bitcoin price bounced back and eventually formed a triangle formation which gave two scenarios. It may have gone down or up from the formation. Luckily for the long holders it has chosen the growth which isn’t exhausted to this moment.

Our short-term btc price prediction is 35 with an attempt to breach the line and go further to the 37k level. The price prediction may be invalidate by rejection of the current 33300 level of minor resistance.

This is not a financial advice. The author owns assets mentioned in this forecast.