Bitcoin is threatening triangle support
Bitcoin has spent the summer consolidating in what is apparently a triangle. However, the last two weeks we have been skirting along triangle support at 9700. A break of this level could open the door to the support zone from 8805-9000, but below that should take us closer to 7200 which is very close to the 161% extension from the triangle and also long term 61.8% retracement.
Blake Morrow
