Bitcoin price is integrating or combining in a short-term triangle pattern as traders are holding out for a fresh batch of market catalysts in the upcoming quarter. Bitcoin price forecast can prove that how bitcoin prices will be higher or lower in this 2017.
1. An upside breakout could have signal that bitcoin price is for more gains while a downside break could leave room for more losses.
2. Price nearing to the peak of its formation so a breakout could be due soon.
3. Bitcoin price has formed lower highs and higher lows on its short-term time frame, creating a symmetrical triangle consolidation pattern.