The ascending trend line in the Daily chart and the wedge pattern in 4H have been broken out to the downside and we saw a strong bearish market in the last week.
Price could break the last low at 51K and made a lower low.
Now, a bearish pennant pattern (flag pattern) has been created.
IF the pattern broken out to the downside we can expect a fall around 42K - 43K which is a key support level.
What do you think about BTCUSD? Will it visit 42K this time?
Price could break the last low at 51K and made a lower low.
Now, a bearish pennant pattern (flag pattern) has been created.
IF the pattern broken out to the downside we can expect a fall around 42K - 43K which is a key support level.
What do you think about BTCUSD? Will it visit 42K this time?
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