SummaryBitcoin has been moving sideways in what seems like a paint-drying season of trading.However, the cryptocurrency has been working through a descending triangle which means it's coiling for a move.The question is which direction the crypto is going to break out toward. The odds are to the downside, but the upside looks compelling.Over the last few months, things have been pretty sleepy in the Bitcoin (BTC-USD) part of the crypto universe. Instead, all the hype has been around Ethereum (ETH-USD) and GPU mining as the former moved from proof-of-work to proof-of-stake. But Bitcoin hasn't significantly shifted any of its core systems during this time. It has almost been lulled to sleep by its trading pattern in recent weeks. But what appears to be a paint-drying moment for traders is looking to turn into a major move in the coming weeks.Those who have followed my writing might recall my last technical analysis a year ago when I pointed toward higher highs as Bitcoin was trading at $54,000. Of course, my subscribers got the info while it was at $42,000 as the setup unfolded. Bitcoin touched $22 shy of $69,000 precisely one month later. This has been my tool for anticipating where Bitcoin is going in the near future and the medium term, and it has worked many times.For whatever reason, Bitcoin likes to revisit similar trading patterns and structures. And while the current setup doesn't encompass the same falling bullish flag n...
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