24 Hour Update: Bitcoin Move Realized

We hit our price target less than 24 hours after the breakout from $144. The ascending triangle continuously proves to be one of the most reliable patterns in bitcoin. This pattern frequently occurs as traders notice strong resistance at a price level and sell in hopes of re-adding the position at any pull-backs. As people become less confident in these pull-backs the dips become increasingly shallow. This is usually a continuation pattern meaning that the market will continue the trend it was in when the pattern started. When we finally broke through the resistance at $144, people that had been selling their position …