Bitcoin Price Eyes Triangle Breakout Above $6.4K

[sirty143]

Bitcoin (BTC) is again trading in a narrowing price range above $6,400, but the lateral trading may soon give way to a rally, according to technical studies. The price consolidation comes after Monday's big spike to three-week highs above $6,800, which weakened the bearish case put forward by last Thursday's violation of key support. So far, however, a bullish follow-through has not materialized, possibly because buyers are waiting for a more credible evidence of bearish invalidation. See more for yourself here.