📅 11.06.2026 · Bitcoin Just Flipped · 👁️ 1
"The 20-day EMA probably becomes a more reasonable target if you do get a break up in the price."
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Login…around 685 would be the price target of this particular triangle pattern that's forming up here. It also applies equally to the downside. If the price breaks here around 61.5, then we're heading down to around 56K approximately. So, let's see now that 58K level, we have the 20-day EMA up here at 67.5 and then up at 72, we have the 50-day EMA. So, the 20-day EMA probably becomes a more reasonable target if you do get a break up in the price. Problem with triangles like this, they tend to be continuation patterns. And since we're in a bearish trend, the continuation will be to the downside. Got to keep that real. That being said, if the MACD and the RSI can keep consolidating, their momentum shift, then perhaps we get that breakout to the upside happening here. We'll keep an eye on thi…