What is happening to BTC / imminent DROP ?????? let me tell ya

BTC is not looking any good.

We see a descending triangle + head and shoulders pattern (yellow line).

I am NOT expecting BTC to go further below the 58k level since this has proven to be a strong support level.

If the 58k level gets broken and a daily candle closes under that level - the bullish run would be in DANGER and things will look very bad.

Stay tuned.

Comment:

As expected, BTC touched the 58k level (58'010 to be exact).
Now the run will go on, however, resistance is expected in the 61-62k levels.
Cheers.