Bitcoin (BTC) Micro Triangles Indicating That Reversal Is Nigh

Looking at the macro triangles of bitcoin, Rekt’s analysis says that the bitcoin is gradually nearing a price level which goes back in time, which is flashing signal that a reversal is close. In he’s words which in the crypto session where he led he’s audience through this discovery he says that;

“According to the BTC Three Macro Triangles:
BTC retraces between -50% to -65% upon triangle breakdown So far, BTC is down -50% from the triangle breakdown BTC has entered that historical range.”

source

The crypto analyst looking at the bitcoin market dominance, which he explained that a bullish dominance suggest that it’s price is rising faster than other alternative coins. According to him; “Initial signs that BTC Dominance is successfully retesting the blue level as support Alt-coins are currently experiencing some pullbacks These Altcoins pullbacks will continue, especially if BTC Dominance starts to increase from here via the orange pathway.”

At the point of writing bitcoin was trading at $16k, which we are hopeful that the primary digital asset bitcoin(BTC) would be able to hold support in other for us to see a price change since the bear market that kicked off first quarter last year. I am certain that no all time prices would be recorded.

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