Bitcoin (BTC/USD) Up or Down - What would happen if we did not break the Great Triangle? - Key days

The price does not break the triangle, bullish and the trend line runs out of space. What can happen?

Let's see

A few weeks ago we compared the 2 large triangles formed by the price of Bitcoin from 2014 to the current date

Bitcoin has followed a bullish trend line just like in the previous triangle

In 2016 we saw that by touching the triangle and not breaking it, the price returned to the trend line to seek strength.

In 2020, if history repeats itself, we are days away from breaking the triangle bullishly and starting a long-term bullish cycle that will lead to new highs.

But what if the price does not break the triangle in the coming days? The bullish trend line would break downward and we would not repeat the 2016 price pattern.

If it breaks lower, the uptrend line, how far could the price correct? If we continue with the 2016 pattern, the price would decrease by 37%, to $ 6500 dollars.

Two paths, one bullish and the other one of correction.

What do you think the price will continue to rise through the uptrend line? Or will the price break the uptrend line and will we see a correction like 2016?

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