Although the cryptocurrency market has hit a rough spot following the news of Changpeng Zhao stepping down as Binance CEO as part of the $4.3 billion settlement with the United States Securities and Exchange Commission (SEC), Bitcoin (BTC) has been demonstrating bullish signs.
Specifically, the renowned pseudonymous cryptocurrency specialist Trader Tardigrade observed that Bitcoin had formed “a super bullish pattern” on the 12-hour chart, which he said was an ascending triangle continuation chart pattern in an X post published on November 21.
As the cryptocurrency analyst further explained, this chart pattern was “happening in an uptrend, forming a consolidation with a rising lower trendline and a flat upper trendline,” and Bitcoin should “continue the uptrend after breaking out of the flat upper trendline.”
Bitcoin ascending triangle continuation pattern. Source: Trader Tardigrade
More positive signs
At the same time, a colleague crypto trading expert, Crypto Tony, has not
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