This is what I got from my own analysis, the target for this break out is towards $30800, However we have point of control on before the target at 30360 approximately, Where I do expect sellers to come in to try to push the price down, failure to do so and the price break above that level, the bulls now have to fight hard to sustain the price by turning $30360 into a support, in order to further push the price to a new level which is $35k.
This is why I'm not a fan of symmetrical triangles as continuation patterns, as they are generally quite unreliable patterns. They rarely meet their targets and often create a double top/bottom prior to moving in the opposite direction, as has happened in this case. I only really acknowledge ascending or descending triangles personally, as these have more clear cut increasing/decreasing support with horizontal resistance.
Anyhow, despite the breakdown towards $28K price is right now at the 5 weeks accumulation zone which price has a good chance of finding support from:
Failing to hold this level and returning to $27K will likely see price slide back down towards $25K support imo, especially now moving averages are crossing bearish on short-term time-frames.
