FX.co ★ Trading Signals for BITCOIN (BTC/USD) for September 24-26, 2024: sell below $63,900 (symmetrical triangle - 21 SMA)

Bitcoin is trading around 63,473 within the uptrend channel and within the symmetrical triangle pattern on the H4 chart. If Bitcoin breaks and consolidates above 63,500 in the next few hours, we could expect a further bullish movement so that the price could reach the top of the uptrend channel which, in turn, coincides with 5/8 Murray located at 65,625.

On the other hand, in case Bitcoin breaks the symmetrical triangle pattern and consolidates below 63,250, we could look for opportunities to sell with the target at 62,500 and finally, at the bottom of the uptrend channel around 66,770 and at the 200 EMA located at 60,182.