The ascending triangle facing the BTC market.

A big greetings to all readers of this great platform, in the present opportunity I want to share with you information regarding the moment facing the market, especially the behavior of BTC in general, this market faces what is known as an ascending triangle, with a flat resistance at 44k, and a rising support, which can generate a great moment for the market and investment.

As many already know the BTC is facing difficult times, this mainly because of the long correction that the price made, and now the world is facing a new war which can negatively or positively affect the market, being this what is happening, the market is giving some signals that can be considered as positive for the near future of the BTC.

From my personal perspective, the countries that are involved in some way in the war, have begun to increase the use of cryptocurrencies, although they deny it, in the blockchain you can see that the volume of the same continues to increase, under this situation the BTC in daily temporality is showing a very good sign for the market, as I will show you in the following graph.

As you can see the BTC is facing what is considered as an ascending triangle, which is described as follows: we find a support that is increasing, which means that it started a support at 34k which has been increasing where it is already approximately at 38k when the market price of BTC.

As for the resistance we can get it at 44k, so the market is forming an ascending triangle, with an increasing support and a fixed resistance at 44k, being a favorable situation that can generate a good near future in terms of the economic recovery of the market and the return to the bullish path.

Taking into consideration the above, we may be observing a market that, within a short time may overcome this resistance and continue to a new resistance near or above the 50k as far as the price of BTC in the market is concerned.