-Bitcoin in a bearish Pennant
-Bitcoin had a reaction from the 1.618 level which means it could have completed its 3rd wave down and we are waiting for the 5th wave down
-Conservative targets are around $2980
-More bearish Targets are at the $2049 range
-People are secretly bullish which might not be the case here
-RSI Neutral
-My Bias would be that bitcoin will have a reaction on the 3k level
-Bitcoin had a reaction from the 1.618 level which means it could have completed its 3rd wave down and we are waiting for the 5th wave down
-Conservative targets are around $2980
-More bearish Targets are at the $2049 range
-People are secretly bullish which might not be the case here
-RSI Neutral
-My Bias would be that bitcoin will have a reaction on the 3k level